REIT Sale | Family Dollar (Dark) | Santa Fe, NM | Lease Exp. Jan 2027 | $148,071/YR

Description:

Ri Marketplace Online Auction August 11-13, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2603/reit-sale-family-dollar-dark-santa-fe-nm-lease-exp.-jan-2027-148-071-yr?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2603

Marcus & Millichap is pleased to present the fee simple interest in a dark Family Dollar building located at 6629 Airport Road in Santa Fe, New Mexico (the “Property”). The Property is being offered significantly below replacement cost, creating an attractive opportunity for owner/users or investors to acquire a well-located commercial asset with substantial value enhancement potential. FIRST BID MEETS RESERVE!

Built in 1990, the Property is improved with a one-story, free-standing, single tenant retail building totaling ±9,180 square feet, and offers ±37 surface parking spaces. The Property is strategically positioned on a huge parcel totaling ±1.015 acres of land and can be accessed via several points of ingress/egress. The Property was formerly occupied by Family Dollar who vacated the premises and is paying out their annual $148,071 rent for the remainder of their term through January 31, 2027. CAM, real estate tax, and insurance reimbursements will be reset annually per projected expenses.

Santa Fe, New Mexico, the state capital and fourth-largest city, is a unique real estate market driven by government, arts, tourism, and high-end residential demand. Located approximately 60 miles northeast of Albuquerque, Santa Fe benefits from regional connectivity via Interstate 25 and U.S. Route 285, as well as proximity to Los Alamos National Laboratory and Santa Fe Regional Airport. The city’s economy is bolstered by a large federal and state government presence, a thriving arts and cultural scene, and a strong tourism industry anchored by its historic downtown, ski basin, and luxury resorts. The Property offers 154 feet of prime frontage/visibility along heavily trafficked Airport Road with traffic counts of ±16,025 vehicles per day. The Property is in a dense retail corridor with nearby retailers including Tractor Supply, McDonald’s, AutoZone, Walmart, Kohl’s, Hobby Lobby, Sam’s Club, Target, and many others. The Property is positioned in a dense area with ±72,163 people within a 5-mi radius and an average household income of $85,940. The population has experienced 1.47% growth from 2020-2024 with 1.98% growth expected to continue through 2029.


Lorraine Sachs Garcia
c/o Fisher Auction Company Inc.
License: 19301
License No. 19355

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