12,680 SF Dollar General | Albuquerque MSA 1001 Salt Missions trl 12,687 SF Retail Building Moriarty, NM 87035 $1,916,000 ($151.02/SF) 7% Cap Rate



EXECUTIVE SUMMARY
15 YEAR CORPORATE NNN LEASE WITH RENT INCREASES
• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
NEW 12,687 SF UPGRADED CONSTRUCTION DOLLAR GENERAL
• The subject property is 12,687 SF which is about 2,000 SF larger than the traditional Dollar General footprint.
ALBUQUERQUE MSA | MOST POPULOUS CITY IN NM
• The subject property is 45 minutes southeast of downtown Albuquerque off Interstate 40 (28,294 VPD)
• Albuquerque is the most populous city in NM and is the fourth largest city in the southwest with 572,864 residents.
• The city is New Mexico’s leading economic center, accounting for half the state’s economic activity.
• The economy is highly diversified, centering on science, medicine, technology, commerce, education, media entertainment, and culture (particularly fine arts); construction, film production, and retail.
• Home to multiple academic institutions such as the University of New Mexico (25,441 Students) and Central New Mexico Community College (22,278 Students).
• Film studios have a major presence throughout New Mexico; Netflix maintains a major production hub at Albuquerque Studios.
INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 21,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.
• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
NEW 12,687 SF UPGRADED CONSTRUCTION DOLLAR GENERAL
• The subject property is 12,687 SF which is about 2,000 SF larger than the traditional Dollar General footprint.
ALBUQUERQUE MSA | MOST POPULOUS CITY IN NM
• The subject property is 45 minutes southeast of downtown Albuquerque off Interstate 40 (28,294 VPD)
• Albuquerque is the most populous city in NM and is the fourth largest city in the southwest with 572,864 residents.
• The city is New Mexico’s leading economic center, accounting for half the state’s economic activity.
• The economy is highly diversified, centering on science, medicine, technology, commerce, education, media entertainment, and culture (particularly fine arts); construction, film production, and retail.
• Home to multiple academic institutions such as the University of New Mexico (25,441 Students) and Central New Mexico Community College (22,278 Students).
• Film studios have a major presence throughout New Mexico; Netflix maintains a major production hub at Albuquerque Studios.
INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 21,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
12,687 SF
Building Class
B
Year Built
2024
Price
$1,916,000
Price Per SF
$151.02
Cap Rate
7%
NOI
$134,095
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.50 AC
Opportunity Zone
Yes
Frontage
152’ on Salt Mission Trail
AMENITIES
- Pylon Sign
- Signage
- Wheelchair Accessible
PROPERTY TAXES
Parcel Number | R001000801 | Improvements Assessment | $0 |
Land Assessment | $2,400 | Total Assessment | $2,400 |