Leased Strip Mall with
For Sale
$3,059,550
1404 N Riverside Dr, Espanola, NM 87532
Fully leased retail property with four tenants and an outparcel position serving Lowe’s.
Property Size5,600 SF
Price / SF$546.35
Days on Market9
Property Features for 1404 N Riverside Dr
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Shopping Strip
Occupancy
100%
Site & Location
Drive-Thru
Yes
Anchor Co-Tenants
Lowe's
Amenities
100% Leased to 4 National Tenants: Starbucks, Verizon, Great Clips, and T-Mobile
All Triple-Net (NNN) Leases with Rental Increases and Renewal Options
Outparcel to Lowe's and Surrounded by Major Retailers: Walmart Supercenter, Chili's Grill & Bar, McDonald's, Wendy's, and More
Growing Trade Area Situated within an Hour's Drive of Northern New Mexico's Major Cities: Santa Fe, Taos, and Los Alamos
Minutes from Presbyterian Española Hospital, Northern New Mexico College, Ohkay Hotel Casino, and Santa Claran Hotel Casino
Close Proximity to Española and Rio Arriba County's Municipal Complex (Police Department, Courts, Educational Facilities, etc.) - All Municipal Services and Waste Management are Concentrated in this Area
Excellent Frontage and Accessibility Along North Riverside Drive (±32,300 Cars per Day), Española's Primary Thoroughfare
Average Household Income Exceeds $78,000 within the Surrounding Area
Building Details
Building Size
5,600 SF
Year Built
2017
Tenancy
Multi
Listing Agency:
Marcus & Millichap | Phoenix
(602) 687-6766
Listed By:
Mark Ruble · License #License(s): AZ: SA550593000, NV: S.0192964
(602) 687-6766
Source:
Marcusmillichap
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 30 at 12:52PM
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 Marcus & Millichap | Phoenix
Investment Insights
Based on property information with market context.
This 5,600-square-foot strip mall was completed in 2017 and includes a drive-through component associated with the Starbucks occupancy. The property is fully leased to Starbucks, Verizon, Great Clips, and T-Mobile, creating a multi-tenant retail configuration.
The building is positioned as an outparcel to Lowe’s at 1404 N Riverside Dr in Española, New Mexico. Española is located within the Albuquerque–Santa Fe–Los Alamos combined statistical area, approximately midway between Santa Fe and Taos and 30 minutes from Los Alamos. The city has an estimated population of 10,500 and is bordered by Santa Clara and Ohkay Owingeh Pueblos.
The building is positioned as an outparcel to Lowe’s at 1404 N Riverside Dr in Española, New Mexico. Española is located within the Albuquerque–Santa Fe–Los Alamos combined statistical area, approximately midway between Santa Fe and Taos and 30 minutes from Los Alamos. The city has an estimated population of 10,500 and is bordered by Santa Clara and Ohkay Owingeh Pueblos.
Key Highlights
- 5,600‑square‑foot strip mall completed in 2017
- 100% leased to Starbucks, Verizon, Great Clips, and T‑Mobile
- Drive‑through component associated with the Starbucks occupancy
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
344k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Superstores 20%
Shops & Services 16%
Home Improvements & Furnishings 11%
Walmart
Superstores
68,007 visits/mo
0.3 miles
McDonald's
Dining
31,049 visits/mo
0.0 miles
Lowe's
Home Improvements & Furnishings
29,993 visits/mo
0.2 miles
Food King
Groceries
26,449 visits/mo
0.5 miles
Freddy's Frozen Custard & Steakburgers
Dining
22,538 visits/mo
0.1 miles
Demographics for 87532, NM
19,017
Population
8,946
Households
2.1
Avg Household Size
41
Median Age
23%
College-Educated
85%
High-School Grad
109.5 sq mi
ZIP Area
174
Density / Sq Mi
$57,077
Median Household Income
$42,365
Median Earnings
$887
Median Rent
$225,000
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?
Strip mall - Fully leased retail property with four tenants and an outparcel position serving Lowe’s.
Where is this strip mall located?
The property is located at 1404 N Riverside Dr Espanola, NM.
What is the asking price?
The asking price for this property is $3,059,550.
What are key features of this property?
This property features: 5,600‑square‑foot strip mall completed in 2017; 100% leased to Starbucks, Verizon, Great Clips, and T‑Mobile; Drive‑through component associated with the Starbucks occupancy
