Freestanding Little Caesars
For Sale
Contact for pricing
Pending
3261 Cerrillos Rd, Santa Fe, NM 87507
Absolute NNN leased Little Caesars drive-thru with Walmart outparcel positioning and 3% annual rent increases in option periods.
Property Size1,676 SF
Days on Market192
Property Features for 3261 Cerrillos Rd
General Information
Standard status
Pending
Size
1,676 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$77,539
Additional Details
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Robert Narchi · License #01324570
(310) 909-5426
Source:
Crexi
Added: Feb 25
Changed: Aug 24
Last Checked: Sep 3 at 5:16AM
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 - Los Angeles
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present a freestanding Little Caesars drive-thru restaurant at 3261 Cerrillos Rd in Santa Fe, New Mexico. The property is operated under an absolute NNN lease with zero landlord responsibilities. The lease commencement date is 2012, and ownership is secured by the operator, Sizzling Caesars, LLC, an experienced 450+ unit Little Caesars franchisee. Rent structure includes 3% annual rent increases throughout the option periods.
The site is positioned as an outparcel to Walmart along Cerrillos Road, described as a primary commercial arterial in Santa Fe. The offering highlights strong visibility and consistent daily consumer activity for this drive-thru format. The surrounding retail environment is noted as anchored by Walmart, The Home Depot, Albertsons, Sam’s Club, and Best Buy, along with a dense mix of national retailers and service providers.
The site is positioned as an outparcel to Walmart along Cerrillos Road, described as a primary commercial arterial in Santa Fe. The offering highlights strong visibility and consistent daily consumer activity for this drive-thru format. The surrounding retail environment is noted as anchored by Walmart, The Home Depot, Albertsons, Sam’s Club, and Best Buy, along with a dense mix of national retailers and service providers.
Key Highlights
- Freestanding Little Caesars drive‑thru restaurant at 3261 Cerrillos Road, Santa Fe, NM.
- Absolute NNN lease structure with zero landlord responsibilities.
- Lease is secured by Sizzling Caesars, LLC, a Little Caesars franchisee with 450+ units.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
374k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Superstores 32%
Shops & Services 15%
Home Improvements & Furnishings 13%
Walmart
Superstores
99,083 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
44,288 visits/mo
0.3 miles
McDonald's
Dining
32,626 visits/mo
0.1 miles
Big Lots
Superstores
21,756 visits/mo
0.2 miles
Murphy USA
Shops & Services
19,246 visits/mo
0.1 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?
Drive through restaurant - Absolute NNN leased Little Caesars drive-thru with Walmart outparcel positioning and 3% annual rent increases in option periods.
Where is this drive through restaurant located?
The property is located at 3261 Cerrillos Rd Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,240,704.
What are key features of this property?
This property features: Freestanding Little Caesars drive‑thru restaurant at 3261 Cerrillos Road, Santa Fe, NM.; Absolute NNN lease structure with zero landlord responsibilities.; Lease is secured by Sizzling Caesars, LLC, a Little Caesars franchisee with 450+ units.
