LEASE & LOCATION
• 2010 Built to Suit Construction for Family Dollar
• Located between Santa Fe and the popular resort town of Taos
• Extremely healthy Rent-to-Sales ratio of 4.86% - contact agent for more details
• Tenant extended the term of their first option, showing a long term commitment to the site
• Extremely strong corporately guaranteed lease from Dollar Tree
• Five, 5-year options, all of which include an attractive rental increase
TENANT
• Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second-largest discount retailer in the United States with more than 16,000 locations
• Dollar Tree boasts an investment-grade credit rating of BBB-
• Family Dollar has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability