When did you last see a real estate investment like this in Santa Fe! Rare investment property consisting of two high visiblity buildings, each with a tenant located on the same parcel. Both leases together throw off more than $76,000 NOI annually with NNN leases (minimal owner expenses). Ski Tech rent increases annually by CPI but no more than 5% or less than 2%. Buildings and lot are in excellent condition. Best Daze just completed a top-to-bottom renovation. Both buildings have metal roofs. The property wraps around Starbucks on the east and north sides. Ski Tech (Leaser expires 2025) is on the SE corner of Mercer and US-285-South St. Francis Drive between Railyard Urgent Care and Starbucks. Best Daze (lease expires 2024 with two renewal options) sits between high-traffic La Choza on Alarid and Starbucks on US-285. Latest Traffic Count on US-285 at Mercer is 40,873/cars/day (ESRI-Q1 2022). With 19 on-site and 16 off-site parking spaces, the businesses enjoy exceptional parking. This is a 8% yield cash-flowing investment with exceptional rental history in an outstanding location requiring minimal owner involvement. Both 906 South St. Francis Drive and Starbucks are also available for purchase.
