Listed by SURMOUNT
$4,044,308
Teamshares (DBA Coronado Paint & Decorating)
Details
Property Type Retail
Sub Type General
Square Footage 20,232
Cap Rate 6.75%
NOI $272,991
Occupancy 100%
Tenancy Single
Rent Bumps Yes
Lease Options 4, 5-Year Options
Year Built 1995
Acreage 1.270
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Teamshares property (DBA Coronado Paint & Decorating) located at 2929 Cerrillos Road, Santa Fe, NM 87507. The site consists of roughly 20,232 rentable square feet of building space on an estimated 1.27-acre parcel of land. The property is subject to a 20-year Triple Net (NNN) lease, which commenced on 8/25/2025. The current annual rent is $272,991 and has scheduled increases of 2.00% Annually.
Investment highlights
- Corporate Guarantee | The subject property is backed by a corporate guarantee from Teamshares, a forward - thinking company, with ~100 companies, revolutionizing small business ownership by transitioning businesses to employee ownership. Teamshares’ robust financial foundation and innovative model ensure a high level of security and reliability for investors.
- Local Brand with a Successful, Long - Term Operating History | Coronado Paint & Decorating is a long - standing Santa Fe institution that was founded in 1984 and has been successfully operating for +40 years, demonstrating long - term viability and strong local brand loyalty.
- Attractive Rental Increases | This investment opportunity features attractive rental increases, ensuring steady income growth over time. Rent is adjusted annually by 2.00% of the base rent from the proceeding lease year, providing a built - in mechanism for rental income to keep pace with inflation.
- Affluent Community and Robust Demographics | This Teamshares property is situated in an affluent community where the average household income within a five - mile radius exceeds $104,500. Additionally, the subject property is supported by strong demographics of over 102,600 individuals and 46,200 households within a five - mile radius respectively.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$272,991.00
$22,749.25/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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