3201 Zafarano Dr 30 Santa Fe, NM 87507-2668
This exceptional investment opportunity presents a multi-tenant, grocery-anchored retail center strategically located in Santa Fe, New Mexico's premier retail corridor. The property encompasses 52,646 square feet across four buildings situated on a 4.59-acre lot. Boasting a remarkable 97.6% occupancy rate, the center generates a strong net operating income (NOI) of $1,043,144. The tenant roster includes a diverse mix of national and regional brands such as Sprouts Market, Starbucks, Aspen Dental, Verizon Wireless, Papa Murphy's, Great Clips, UPS Store, Farmers Insurance, Mariner Credit Union, Miracle Ear, Eyemart, Comfort Dental, Ultra Health, and Latinos Mini Mart. The property benefits from high visibility and excellent traffic counts, further enhanced by its proximity to established residential areas, new developments, and major thoroughfares including Interstate 25. A recent 15-year lease extension with Sprouts Market anchors the center's long-term stability. The surrounding area features a robust retail landscape including Lowe's, Regal Cinemas, Sam's Club, Target, and numerous national restaurants and businesses, creating a synergistic environment for continued success. This core+ investment presents a compelling opportunity to acquire a high-performing asset in a thriving market with significant growth potential. The property's strong tenancy, high occupancy, and prime location make it an attractive investment for discerning buyers seeking stable returns and long-term appreciation.
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Papa Murphy's | Take 'N' Bake Pizza Restaurant
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ALL STAR FLOORING LLC General Contractor Renovation Specialist
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Great Clips Hair Salon
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Notary Public Services Law Firm
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Mariner Finance Loan Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.