Dollar General
7.00% Cap, New 5% Increases, 40,000+ VPD
Listing Contacts
License: CA 01970761, TX 703013
Active
Address
New Mexico Highway 264, Tse Bonito, NM 87301
Show on MapDate Added
Sep 30, 2024
Days on Market
172 days
Time Since Last Update
154 days
Details
Property TypeRetail
SubtypeGrocery Store, Pharmacy/Drug, Storefront
Investment TypeNet Lease
Lease TypeAbsolute NNN
Tenant CreditCorporate Guarantee
TenancySingle
Brand/TenantDollar General
Lease Term15 years
Lease Commencement02/01/2025
Lease Expiration02/01/2040
Remaining Term14.9 years
Square Footage9,100
Price/Sq Ft$237.91
Cap Rate7.00%
Occupancy100%
NOI$151,548
Year Built2025
Lot Size (acres)1.17
Rent Bumps5% Every 5 Years
Lease Options(5) 5-Year Renewal Options
Investment Highlights
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2025 Construction. 9,100+/- SF Building on 1.17+/- Acre Site
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15-Year Complete NNN Lease w/ Zero LL Responsibilities, 5% Rental Increases Every 5 Years & (5) 5-Year Options to Renew
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Located on New Mexico Highway 264, Which Sees Over 40,000 Vehicles Per Day
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One Mile from Window Rock Airport, a Public Airport Owned by the Navajo Nation that Covers 88 Acres and has 800 Flights/Year
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Within Close Proximity To Major National Retailers Such As McDonalds, KFC, Taco Bell, Family Dollar, O’Reilly, Napa, etc.
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E-Commerce Resistant Retailer – Dollar General Planned to Open 1,050 Stores in 2023 After Adding Approximately 1,100 Stores in 2022
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Tse Bonito | Located in the Navajo Nation - Largest Reservation in the U.S. | Navajo Population: 400,000+
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$151,548.00
$12,629.00/mo
Valuation Metrics
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0
DSCR
7%
Cap Rate
7%
ROI
Due Diligence
Listing Contacts
- License: CA 01970761, TX 703013
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Broker Information
Broker Name
Chris Armistad
Broker License
20752
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