100% leased Investment w/ development Prime Pad Site
100% leased investment opportunity
Marketing description
Description
Rare multi-tenant retail investment on Airport Road, one of Santa Fe's fastest-growing commercial and residential corridors. This offering pairs a fully leased ±8,750 SF retail building on Lot 4-A (6417 Airport Rd, 0.79 AC) with an adjacent vacant development pad on Lot 5 (6415 Airport Rd, 0.53 AC) available separately. The center is 100% leased to five tenants across six suites — anchored by national brand Metro by T-Mobile alongside an insurance office, restaurant, barbershop, and bakery — delivering durable, necessity-based income. The vacant pad carries pre-approved plans for up to 6,300 SF of development, with final building design open to the buyer. Zoned SC-1. Positioned directly next to McDonald's on a high-visibility, drive-by corridor carrying roughly 22,000 vehicles per day, between NM-599 and Cerrillos Road. Buy the income in place, develop the entitled pad, or combine both parcels into a 1.32-acre assemblage in a proven trade area.
Investment highlights
✨ Property Highlights ✨
🏢 100% Leased Retail Investment
📍 ±8,750 SF | 5 Tenants • 6 Suites
📱 Anchored by Metro by T-Mobile
🛍️ Strong, necessity-based tenant mix providing stable income.
🚧 Value-Add Opportunity
🏗️ Adjacent pad available separately, pre-approved for up to 6,300 SF of new development.
🍔 Prime Retail Location
📍 Next door to McDonald's on Airport Road with ±22,000 vehicles per day.
🛣️ Excellent Visibility & Access
📍 Ideally positioned between NM-599 and Cerrillos Road.
💰 Investment Opportunity
🏢 Retail Center: $2,800,000 (6.14% Cap Rate)
🌟 Development Pad: $550,000
🚀 Multiple Investment Strategies
- 💵 Acquire a stabilized, income-producing asset
- 🏗️ Develop the adjacent retail pad
- 📈 Assemble approximately 1.32 acres for future growth potential
Property tours are available by appointment only for qualified buyers. Proof of funds or lender pre-qualification may be requested prior to scheduling. Please do not disturb the tenant or employees. Contact the listing broker for additional information.
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