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Family Dollar | New Mexico | RTS Ratio of 4.86%

3% BUYSIDE FEE | 15 YEAR OPERATING HISTORY | 8.50% CAP

Listing Contacts

Active

Asking Price: $1,181,102
Address 

15052 NM-75, Peñasco, NM 87553

Show on Map
Date Added
Feb 4, 2025
Days on Market
42 days
Time Since Last Update
42 days

Details

Property TypeRetail
SubtypeConvenience Store, Grocery Store, Pharmacy/Drug
Investment TypeNet Lease
Lease TypeNN
Tenant CreditCredit Rated, Corporate Guarantee
TenancySingle
Brand/TenantDollar General, Dollar Tree, Family Dollar
Lease Term21 years
Lease Commencement01/15/2010
Lease Expiration01/31/2031
Remaining Term6 years
Square Footage9,180
Cap Rate8.50%
NOI$100,394
Year Built2010
Lot Size (acres)1.38
Rent BumpsSEE OM
Lease OptionsFive, 5 year options

Investment Highlights

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

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,394.00
$8,366.17/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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