Active For Sale Retail

Century Plaza — Dollar Tree Anchored Retail Center

4056 Cerrillos Rd, Santa Fe, NM, 87507

ID ec836fa3

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Overview

Century Plaza sits on the northeast corner of Cerrillos Road and Rodeo Road, where Santa Fe’s primary commercial arterial meets the principal east-west connector serving the city’s southern quadrant. Cerrillos Road carries approximately 32,818 vehicles per day and Rodeo Road carries approximately 22,228 vehicles per day, with a curb cut on each. Santa Fe Place Mall, the region’s dominant shopping center, is immediately adjacent.Built in 1994 in the Santa Fe vernacular style, the property comprises two buildings on approximately 3.81 acres. The main building is two stories, with ground-floor retail and service shops surrounding a 205-space surface parking lot. The second floor includes office and flex suites accessed by a passenger elevator and two exterior stairwells. A freestanding 8,454-square-foot restaurant and brewery building occupies the southern portion of the site.Dollar Tree anchors the center with a lease extending through February 2052. The remaining ground-floor tenant mix includes Hidden Mountain Brewing, T-Mobile, OneMain Financial, Baskin Robbins, Corona Del Rey Barber, Santa Fe Bagels, the New Mexico State Armory Board, and Serenity Nails. The center is approximately 79.9% leased, with 8,911 square feet available for lease-up across one ground-floor inline suite and three second-floor suites.The property is being sold out of foreclosure and receivership. Financial details are available in the offering memorandum. Contact the listing brokers for additional information.Required Disclosure: Property is in foreclosure and receivership. Sale is subject to approval by the court and the receiver. Seller has limited knowledge of the recent financial performance of the property and its physical condition due to the receivership. Buyer must perform due diligence with limited information provided by the seller and receiver and obtain its own information to be satisfied with the property. Seller will be limited in its ability to make representations and warranties upon sale.Information deemed reliable but not guaranteed. Buyer to verify. Cooperating brokers welcome. Equal Housing Opportunity.

Additional Information

City: Santa Fe
State: NM
Zip Code: 87507
Primary Uses: Retail
Zoning: C2
Zoning Description: General Commercial District

Building Name: Century Plaza
Floors: 2
Year Built: 1,994
Parking Ratio: 4.69
Parking Spaces: 205