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Overview / Comments
Riverside Plaza is a four tenant Retail and Office Strip Center in central Espanola, just 25 miles north of Santa Fe. The center is composed of a single building (1/4 of which is located at lower level or walk-out basement level). This neighborhood shopping center serves a large and diverse trade area and has high visibility and excellent traffic counts (35,757). All Retail Space fronts on Riverside Drive (Espanola’s Main Street). Existing Tenants include: PetSense & Aaron’s (upper level); Espanola Family Chiropractic & DMV Xpress (lower level). Existing area retailers include: Walmart; Lowes Home Improvement; Lowes Super Market: Wells Fargo Bank; Bank of America; Chili’s; McDonald’s; Arby’s; KFC; Subway & Burger King.
CAP RATE: 8% - 100% Leased!!
NOI = $174,827
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