302 1st St, Dexter, NM 88230

The Kase Group is pleased to present the opportunity to acquire a net-leased Family Dollar located at 302 W 1st Street in Dexter, New Mexico. The property consists of an ±8,320 square foot freestanding building with excellent visibility along the town’s primary commercial corridor. Dexter serves as a local hub for surrounding rural communities, offering a steady flow of local and regional traffic.

The lease is corporately guaranteed by Family Dollar Stores, Inc. and structured as a Net Lease with minimal landlord responsibilities limited to roof and structure. The current term runs through June 30, 2028, and includes five (5) additional five-year renewal options with no rental increases during the base or option periods.

The property is strategically positioned near several key retailers and service providers, including Allsup's Convenience Store, Kenny's Market, Dexter Lumber & Hardware Co, Vic's Tire Repair, and Dexter Tire Services. It also offers convenient access to U.S. Highway 285, enhancing regional connectivity and visibility.

Location Description

Dexter is a small town located in Chaves County, southeastern New Mexico, approximately 15 miles south of Roswell. With a population of around 1,200 residents, Dexter serves as a local center for nearby rural and agricultural communities. The area is supported by dairy farming, crop production, and small businesses, making it a reliable base for daily-needs retail.

Positioned near U.S. Highway 285, Dexter benefits from regional connectivity to larger cities like Roswell and Artesia. The town is home to Dexter Consolidated Schools, parks, local government offices, and essential services, helping sustain consistent local traffic and commercial activity.