Dollar Tree | Taos, NM | 7.40% Cap Rate
Recent Renewal | National Credit Tenant | Low PPSF
Marketing description
Corporately Guaranteed Lease - Investment Grade Credit Rating
Recession Resistant Tenant - Dollar Tree was deemed an "essential retailer" during the COVID-19 Pandemic
Average Income - Average household Income within a 5-mile radius is estimated at $75,929
High Traffic Counts - sees daily traffic counts of ±20,192 VPD
Tenant Commitment - Tenant has operated here for over 10 years (exercised their first option early without a rent concession), demonstrating their commitment to the location
Diverse Tenant Mix - Familiar Net Lease Tenants Within One Mile of the Store include: Starbucks, Walmart, Wendy's AutoZone Auto Parts, T-Mobile, KFC, Taco Bell, Speedway, NAPA Auto Parts, Verizon, Sonic, Big-O Tires, etc.
Rent Increases - Rare $1 per SF rental increases during the option periods
Strong Tourism-Driven Economy - Taos is a well-known hub for skiing with attractions such as Taos Ski Valley and the historic downtown and Taos Plaza attracts boutique shoppers
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