New Construction STNL Chick-fil-A | 15 Year Lease | Santa Fe, NM

Retail-Commercial for Sale
Catylist Listing ID: 30171392
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 4,423 SF
Gross Building Area: See Agent
Gross Land Area: 0.61 Acres
Sale Price: $2,200,000
Unit Price: $497.40 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 3.85%
Last Updated: 10/20/2017

Overview / Comments

Marcus & Millichap is pleased to exclusively offer for sale a single tenant triple-net (NNN) corporate ground lease to Chick-fil-A in Santa Fe, NM. This new construction opportunity has a brand new 15 year lease and three 5 year options with Chick-fil-A, the largest quick-service chicken restaurant chain in the United States based on domestic annual sales. Located at 2400 Cerrillos Road in Santa Fe, New Mexico, Chick-fil-A occupies 4,423 SF new construction to be completed Q2 2017 on +/- 0.93 acres of land. Chick-fil-A currently has more than 1,950 locations with annual sales in excess of $6 Billon.

Attachments & Media

Additional Details

Nearest MSA: Santa Fe
County: Santa Fe
Tax ID/APN: 1052097049243000000

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,628 57,192 90,504
Median Age: 40.86 43.34 41.98
Households: 5,892 26,721 39,900

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
Photograph of Listing Agent

Michael W Reneau

Marcus & Millichap CARNM CIE Member
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