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Renovated Outparcel Restaurant
For Lease
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4246 Cerrillos Road, Santa Fe, NM 87507

Second-generation restaurant space with mall-connected access and a 2022 renovation.

Space Size6,488 SF
Lot Size1.52 Acres
Days on Market16

Property Features for 4246 Cerrillos Road

General Information

Standard status Active
Size 6,488 SF
Total Parking Spaces 69
Lot size 1.52 Acres
Property subtype Retail, Restaurant

Space & Availability

Space Use Restaurant
Available From 2027-05-01

Additional Details

Road Access Yes

Building Details

Building Size 6,488 SF
Year Built 1997
Year Renovated 2022
Tenancy Single

Spaces For Lease

at 4246 Cerrillos Road Contact us

Available Space

Size
6,488 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Resolut RE Albuquerque
Listed By: Austin Tidwell · License #NM #49789 AB
Source: Crexi
Added: Jul 28 Changed: Aug 8 Last Checked: Aug 11 at 8:05PM

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 Resolut RE Albuquerque

Investment Insights

Based on property information with market context.

This second-generation sit-down restaurant occupies a 1.52-acre outparcel at Santa Fe Place Mall. Built in 1997, the property received a full renovation in 2022 and includes an oversized parking area. The current lease is scheduled to end, with availability beginning May 1, 2027.

Access is provided from Cerrillos Road, with an additional route through the mall connecting toward Rodeo Drive. The property is positioned near Plaza Santa Fe and San Isidro Plaza within Santa Fe’s established retail corridor. Its location combines a standalone outparcel setting with direct connectivity to the surrounding mall environment.

Key Highlights

  • 1.52‑acre Santa Fe Place Mall outparcel restaurant
  • Built in 1997 and fully renovated in 2022
  • Oversized parking area with over 10:1 parking

Property Analytics

Current Use

Applebee's Grill + Bar Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Garden Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

336
Businesses Nearby
161k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 41% Dining 38% Apparel 21%
Kohl's Apparel
34,075 visits/mo 0.4 miles
Murphy USA Shops & Services
30,339 visits/mo 0.3 miles
Starbucks Dining
23,628 visits/mo 0.4 miles
Dollar Tree Shops & Services
18,543 visits/mo 0.3 miles
Rudy's Country Store & Bar-B-Q Dining
15,061 visits/mo 0.2 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

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Second-generation restaurant space with mall-connected access and a 2022 renovation.
Where is this conventional restaurant located?
The property is located at 4246 Cerrillos Road Santa Fe, NM.
What are key features of this property?
This property features: 1.52‑acre Santa Fe Place Mall outparcel restaurant; Built in 1997 and fully renovated in 2022; Oversized parking area with over 10:1 parking
(505) 337-0777 Call to check price and availability
More about this property
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