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Views: 48 DOM: 89 Updated: 11.13.24 Posted: 09.04.24 Status: Active

Summary

Price $1,713,462
Built/Renov 1990/2020
Tenant Dollar Tree
Cap Rate 6.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 13,500
Lease Start 03-26-2020
#Units 16,700
Price/SF $126.92
Expiration 03-25-2030
Tenant Type Dollar/Discount
NOI $111,375
R. Term 5.3
Ownership Fee Simple
Rent/SF $8.25
Increases 0.0%/1/yrs
Pop 5Mi 42,964
Lot/AC 1.56
Options 2/5yrs
AHHI 5Mi $74,213

Lease Highlights

  • Dollar Tree has 5+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features $0.50/PSF rental increases throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree is strategically located at the signalized, hard corner intersection of Main Street SE and State Highway 47, with access to a combined daily traffic count of 40,296 vehicles. The property is adjacent to the Los Lunas Albertsons Supermarket, which ranks in the top 6% nationwide and the top 20% in New Mexico, according to Placer.ai. The site offers excellent visibility with a...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar Tree (NASDAQ: DLTR) is a leading operator of retail discount stores. They offer a variety of discounted merchandise under the brand names of Dollar Tree, Family Dollar and Dollar Tree...


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Listing Broker

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