Starbucks Drive-Thru / Verizon Shops — Sale in Española, NM

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Española, NM 87532
  • Year built: 2017

Photos

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Investment Figures

Cap rate
6.35%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present for sale Starbucks Drive-Thru / Verizon Shops in Española, NM. The property is 100 percent leased to Starbucks, Verizon, Great Clips, and T-Mobile and is outparcel to Lowe's. Española is a city primarily in Rio Arriba County, New Mexico, with a portion of the city located in Santa Fe County. Located within the Albuquerque-Santa Fe-Los Alamos combined statistical area, Española has an estimated 10,500 residents. Española sits halfway between Santa Fe and Taos and is 30 minutes from Los Alamos. The city itself is bordered by the centuries-old Santa Clara and Ohkay Owingeh Pueblos. Investment Highlights: • 100 Percent Leased to Four National Tenants: Starbucks, Verizon, Great Clips, and T-Mobile • All Triple-Net (NNN) Leases with Rental Increases and Renewal Options • Outparcel to Lowe's and Surrounded by Major Retailers: Walmart Supercenter, Chili's Grill & Bar, McDonald's, Wendy's, and More • Growing Trade Area Situated within an Hour's Drive of Northern New Mexico's Major Cities: Santa Fe, Taos, and Los Alamos • Minutes from Presbyterian Española Hospital, Northern New Mexico College, Ohkay Hotel Casino, and Santa Claran Hotel Casino • Close Proximity to Española and Rio Arriba County's Municipal Complex (Police Department, Courts, Educational Facilities, etc.) - All Municipal Services and Waste Management are Concentrated in this Area • Excellent Frontage and Accessibility Along North Riverside Drive (±32,300 Cars per Day), Española's Primary Thoroughfare • Average Household Income Exceeds $78,000 within the Surrounding Area

Market Context

This retail in Española, NM is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2017. Compare it against other retail listings for sale in Española, NM — view the full market.

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