4 Banana Ln

FIRST RIGHT OF REFUSAL (TENANT ON SITE) 11.4% CAP Rate with the potential to increase upon future lease of rental units onsite. The tenant lease ALSO has annual rent escalations per the lease in place. The business is NOT FOR SALE. This is a Real Estate ONLY Offer. This commercial offering includes a well-known restaurant with ample indoor and outdoor seating, patio seating with impressive Sangre de Cristo mountain views, as well as 4 residential rental units all on approximately 2.45 acres. The property has 122 parking spots with easy access to Hwy 84/285 in between the Santa Fe/Los Alamos and Espanola corridor with plenty of street frontage. The property is entirely coyote fenced and gated with a well and septic system in place. There is an outdoor kiva fireplace, complemented by flagstone, brick, rock, and a fenced viewing area, perfect for cozy gatherings. Both the interior and exterior are illuminated by Southwestern wall sconces, while numerous skylights and windows provide excellent natural lighting. The floors are laid with Talavera and Saltillo tiles, contributing to the authentic Southwestern ambiance. The location has a high traffic count with many movies being filmed nearby. This is a great opportunity for a land and building investor looking for increasing monthly income.

FACTS AT A GLANCE:

Available SF                       9,755 SF±

Lot Size                                  2.449AC ±

8.49% CAP RATE (Escalating…)

High Traffic Corridor                     HWY 84 / 285: 34,653 VPD (Crexi 2022)

Outdoor Patio Space

30+yr Destination location, with an incredibly loyal following

Centralized Area in Northern NM between Los Alamos & Santa Fe

202’ street frontage

Zoning                                  Commercial General (CG)

Structure                             Frame / Stucco

Property Status                Existing

Remodeled      1993

Financials in Place

The parcel contains 122 parking spots,

⁃                Partially covered outdoor seating, w/vigas

⁃                Outdoor workstation for servers

⁃                SW style, water fountain, beautiful landscaping w/large tree, flowers, hanging plants

⁃                Beautifully draped coyote fencing surrounds the property

⁃                Outdoor kiva fireplace, flagstone, brick, rock, & fenced viewing area

⁃                SW wall sconces both inside & outside

⁃                Many skylights & windows provide excellent lighting

⁃                Talavera & Saltillo tile floors

⁃                Beautiful interior is hung with art by Miguel Martinez

Customer Reviews and Ratings

•          Google Reviews: 4.5 stars (based on over 1,000 reviews)

•          Yelp Reviews: 4 stars (based on over 500 reviews)

•          TripAdvisor: 4.5 stars (based on over 1,200 reviews)

Features and Services

•          Dining Options: Dine-in, Takeout, Catering

•          Ambiance: Casual, Family-friendly

•          Specialties: Table-side guacamole, Fajitas, Margaritas

•          Outdoor Seating: Yes

•          Private Events: Available

•          Parking: On-site parking available

•          Accessibility: Wheelchair accessible