Property Listing No Longer Available for Sale

604 B & C North Guadalupe Street

Santa Fe, NM

Retail for Sale - $50,000 - 2,500 Sq. Ft.


Property Info

CIMLS#964908
Location
  604 B & C North Guadalupe Street
  Santa Fe NM 87501
UpdatedNovember 5th, 2017
TypeRetail
Price$50,000
Building2,500 Sq. Ft.

Property Description

Five Star Burger Restaurant Available for Lease. Nearby businesses include Verizon Wireless, Panda Express, Albertsons, Starbucks, Sprouts Market, Office Depot, Ross Dress for Less, CVS Drug, GNC, Mattress Firm, Subway Sandwiches, Wells Fargo, US Post Office. This offering is a turn key restaurant including assignment of the existing lease, all the furniture, fixtures, & equipment, and assignment of the beer/wine license. FF&E is valued at over $180,000 and includes all furniture, exhaust hood, refrigerators, freezers, bar equipment, grills, deep fryers, POS system, etc. The current configuration seats 86 in 2,500sf indoors plus another 36 on the patio in warmer weather. The lease has flat base rent of $5,729/month ($27.50/sf) through to January 2022. 2017 CAM is $2,285.33 ($11.00/sf). The seller will provide a stop loss clause to the lease agreement to freeze landlord CAMS during the current term of the lease. All restaurant/food service types allowed except for pizza. Beer/Wine License and security deposit can be transferred to new proprietor at buyer's expense. Offered for sale immediately.

Location Description:

Great out lot location in front of Albertsons/Starbucks in the DeVargas Shopping Center in downtown Santa Fe, NM. Great visibility from Guadalupe and from the parking lot. Nearby businesses include Verizon Wireless, Panda Express, Albertsons, Starbucks, Sprouts Market, Office Depot, Ross Dress for Less, CVS Drug, GNC, Matress Firm, Subway Sandwiches, Wells Fargo, US Post Office.

Highlights:

>> Great Visibility

>> Turn Key Restaurant Offering

>> Lease Through to Jan 2022

>> FF&E Only 5 years young

>> Includes Exhaust Hood

>> All restaurants allowed except pizza

>> National credit tenants as neighbors

* This property also has spaces available for lease.


Financials