Freestanding Restaurant
For Sale
Contact for pricing
4250 Cerrillos Road, Santa Fe, NM 87507
Single-tenant Outback Steakhouse offered with a ground lease featuring zero landlord responsibilities.
Property SizeContact for details
Days on Market121
Property Features for 4250 Cerrillos Road
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Newmark | Orange County - Irvine
Listed By:
Matthew Berres · License #CA 01977909
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 5:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Orange County - Irvine
Investment Insights
Based on property information with market context.
This offering presents the fee-simple interest in a single-tenant, freestanding Outback Steakhouse. The asset is structured as an NNN ground lease described as having zero landlord responsibilities, with approximately 9.5 years remaining in the primary term. The lease includes 10% rental increases every five years and three 5-year option periods.
The property is located at 4250 Cerrillos Road in Santa Fe, New Mexico and is described as an outparcel to Santa Fe Place, the largest mall in Santa Fe, which includes 80+ tenants and 569,500 square feet of retail space.
For buyers seeking a long-term, NNN freestanding restaurant asset, this opportunity is presented with the operating lease structure and timeline noted above, along with the stated zero landlord responsibilities.
The property is located at 4250 Cerrillos Road in Santa Fe, New Mexico and is described as an outparcel to Santa Fe Place, the largest mall in Santa Fe, which includes 80+ tenants and 569,500 square feet of retail space.
For buyers seeking a long-term, NNN freestanding restaurant asset, this opportunity is presented with the operating lease structure and timeline noted above, along with the stated zero landlord responsibilities.
Key Highlights
- Single‑tenant, freestanding Outback Steakhouse in Santa Fe, New Mexico
- NNN ground lease with zero landlord responsibilities
- Approximately 9.5 years of primary lease term remaining
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,124
Businesses Nearby
699k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Dining 20%
Apparel 19%
Superstores 15%
Sam's Club
Superstores
102,489 visits/mo
0.5 miles
T.J. Maxx
Apparel
47,318 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
35,793 visits/mo
0.1 miles
Dillard's
Apparel
34,820 visits/mo
0.0 miles
Best Buy
Electronics
33,720 visits/mo
0.4 miles
Demographics for 87507, NM
51,338
Population
21,272
Households
2.4
Avg Household Size
38
Median Age
31%
College-Educated
86%
High-School Grad
96.1 sq mi
ZIP Area
534
Density / Sq Mi
$62,955
Median Household Income
$34,102
Median Earnings
$1,276
Median Rent
$333,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant Outback Steakhouse offered with a ground lease featuring zero landlord responsibilities.
Where is this conventional restaurant located?
The property is located at 4250 Cerrillos Road Santa Fe, NM.
What are key features of this property?
This property features: Single‑tenant, freestanding Outback Steakhouse in Santa Fe, New Mexico; NNN ground lease with zero landlord responsibilities; Approximately 9.5 years of primary lease term remaining
