New Dollar General
New Clovis NM Dollar General LARGER STORE
Marketing description
Investment Highlights
✔ Corporate Dollar General Lease
• Dollar General (NYSE: DG) — leading U.S. discount retailer
• 19,000+ stores nationwide
• Corporate guarantee
• Essential retail with proven performance in rural and secondary markets
✔ Long-Term, Passive Income
• 12 years remaining on initial lease term
• Absolute NNN – zero landlord responsibilities
• Tenant responsible for roof, structure, taxes, insurance, and maintenance
✔ Strong Yield with Built-In Growth
• Purchase Price: $2,200,215
• NOI: $143,014
• Cap Rate: 6.50%
• 5% rent increases every five years
• Cap rate increases through option periods (up to ~9.10% at maturity)
Investment highlights
Property Overview
• New 2023 construction
• ±10,500 SF freestanding building
• ~1.0 acre parcel
• Modern prototype with strong site visibility
• Full parking field and efficient ingress/egress
Location & Market Fundamentals
✔ Regional Trade Hub
• Clovis serves as the primary retail and service center for Eastern New Mexico
• Draws consumers from surrounding rural communities
✔ Stable Employment Base
• Anchored by Cannon Air Force Base — a major regional employer and long-term federal installation
• Additional employment supported by healthcare, education, logistics, and agriculture
✔ Connectivity & Access
• Located near U.S. Highways 60, 70, and 84
• Proximity to Texas markets enhances regional traffic and trade flow
Why Dollar General Works Here
• Small-box, low-price format tailored to rural and value-oriented markets
• Convenience-driven model benefits from limited big-box competition
• Strong historical performance in similar secondary and tertiary markets
Listing Contacts
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