Santa Fe Place Mall Outparcel Restaurant
Sit-down restaurant space available May 1, 2027 at Santa Fe Place Mall's prominent Cerrillos Road outparcel, following Applebee's departure. The triple net lease is offered at $32.37 per month on negotiable terms for an established operator or new concept.
Built in 1997 and fully renovated in 2022, the single-story, single-building property occupies 1.52 acres with 69 parking spaces—a 10:1 ratio—and excellent visibility and access from Cerrillos Road and through the mall to Rodeo Drive. The location anchors Santa Fe's premier retail corridor, surrounded by Plaza Santa Fe, San Isidro Plaza, Sam's Club, and Santa Fe Place Mall. The trade area supports strong demographics: approximately 58,000 residents within three miles with an average household income of $96,575, plus more than two million annual visitors to Santa Fe. Limited retail vacancy and few second-generation restaurant opportunities along Cerrillos Road make this a rare availability for a full-service dining concept.
- Second-generation restaurant space; rare availability in Santa Fe's core retail market
- 1.52 acres with 69 parking spaces (10:1 ratio)
- Fully renovated 2022; built 1997
- Triple net lease; direct lease model
- Strong demographics: 58,000+ residents within 3 miles; $96,575 average household income; 2M+ annual visitors
More property details
Features & amenities
Location
4246 Cerrillos Road presents a rare opportunity to acquire or lease a second-generation sit-down restaurant at a prominent Santa Fe Place Mall outparcel, available May 1, 2027 following Applebee’s non-renewal. Constructed in 1997 and fully renovated in 2022, the property sits on 1.52 acres and features an oversized parking lot with more than a 10:1 parking ratio, along with convenient ingress and egress from Cerrillos Road and through the mall to Rodeo Drive. Positioned within the heart of Santa Fe’s premier retail trade area, the property is surrounded by major retailers and shopping destinations, including Plaza Santa Fe, San Isidro Plaza, Sam’s Club, and Santa Fe Place Mall. The location benefits from strong local demographics, including average household income of approximately $96,575 and a population of more than 58,000 within three miles, as well as Santa Fe’s substantial tourism activity of more than two million visitors annually. With limited retail vacancy and few available second-generation restaurant opportunities along the Cerrillos Road corridor, this property offers a highly visible and well-positioned location for an established restaurant operator or new dining concept. Please do not disturb the tenant.