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Applebees 4246 Cerrillos Rd 6,488 SF Retail Building Santa Fe, NM 87507 $2,726,443 CAD ($420.23 CAD/SF)

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Investment Highlights

Irreplaceable Cerrillos Rd restaurant location as an outparcel of the Santa Fe Place Mall
Santa Fe features high average household incomes ($96,575), dense population (58,214) within 3 miles and over two million tourists per year

Strong retail trade area adjacent to the Plaza Santa Fe
Less than 3.5% vacancy for retail product in Santa Fe with even fewer existing options for second generation restaurants

Executive Summary

Applebee’s has elected not to renew their lease here at 4246 Cerrillos Rd and the property will be available to purchase or lease May 1, 2027. Please do not disturb tenant. This second generation sit-down restaurant was constructed in 1997, fully renovated in 2022 and represents a prime Santa Fe Place Mall outparcel opportunity that has been locked down for decades. The property features an oversized parking lot with over 10:1 parking sitting on 1.52 acres and easy ingress/egress from Cerrillos Rd and through the mall up to Rodeo Dr.

Marketing Brochure/Flyer

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Restaurant

Building Size

6,488 SF

Building Class

Year Built/Renovated

1997/2022

Price

$2,726,443 CAD

Price Per SF

$420.23 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.10

Lot Size

1.51 AC

Zoning

SC3 - Planned Shopping Center District (Regional)

Parking

69 Spaces (10.64 Spaces per 1,000 SF Leased)

Frontage

147’ on Cerrillos Rd

Bus Line

Signage

Major Tenants

Accommodation and Food Services
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There's a lot to love about Applebee's. Founded over 4 decades ago on the principles of exceptional value and family fun, they take pride in having a friendly, welcoming, neighborhood environment. They continue to set the standards for best practices in the restaurant industry. People Report has awarded them the Heart of the Workplace Award, Top Performer in Management Retention Award, Excellence in Retention Award, and Catalyst Award. Forbes named them One of America's Best Managed Companies, and Restaurant Hospitality Magazine named them Chain of the Year. They are proud of these accomplishments and believe when thousands of people embrace their responsibility to their neighborhoods, the results can be astounding.