Listed by Trinity Real Estate Investment Services
$945,255
REDUCED PRICING: Family Dollar
Details
Property Type Retail
Sub Type Storefront
Square Footage 9,289
Units 1
Cap Rate 9%
NOI $85,073
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Term 20
Lease Expiration 06/29/2028
Remaining Term 2.1
Rent Bumps Yes
Lease Options One (1), 5-Year, 10%
Price per SqFt $102
Year Built 2008
Acreage 1.030
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/30/2008
Retail | 9.00% CAP | 9,289 SF
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Family Dollar in Hagerman, NM. The subject property has been operating for 15 years and has limited retail competition in the eastern part of the state.
Broker of Record - Brian Brockman - (513) 898-1551 - Bang Realty-New Mexico, Inc. - #20241
Property Website: https://trinityreis.com/listing/602b-w-argyle-st/
Investment highlights
Family Dollar Operating at Current Location for 15 Years, Built in 2008
Limited Retail Competition, Store Would Serve as Primary Source of Retail Goods Within a 2-Mile Radius
Hagerman, NM is Situated in the Eastern Part of the State, Near the Border of Texas
Corporately Guaranteed by Family Dollar Stores, LLC (Privately Held)
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,073.00
$7,089.42/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
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