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Dollar Tree 101 Herdner Rd 9,000 SF 100% Leased Retail Building Taos, NM 87571 $1,613,793 ($179.31/SF) 7.25% Cap Rate

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Investment Highlights

  • Corporately Guaranteed Lease – Investment Grade Credit Rating
  • Average household Income within a 5-mile radius is estimated at $75,929
  • Tenant Commitment – Tenant has operated here for over 10 years (exercised their first option early without a rent concession), demonstrating their com
  • Dollar Tree was deemed an “essential retailer” during the COVID-19 Pandemic
  • High Traffic Counts – sees daily traffic counts of ±20,192 VPD
  • Familiar Net Lease Tenants Within One Mile of the Store: Starbucks, Walmart, Wendy’s AutoZone Auto Parts, T-Mobile, KFC, Taco Bell, Speedway, Maverik,

Executive Summary

Broker of Record
Brian Brockman
License # 9568 (NM)
Bang Realty-New Mexico, Inc.
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,000 SF
Building Class
B
Year Built
2015
Price
$1,613,793
Price Per SF
$179.31
Cap Rate
7.25%
NOI
$117,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.84 AC
Zoning
Commercial
Parking
50 Spaces (5.56 Spaces per 1,000 SF Leased)
Frontage
294’ on Herdner Rd

Amenities

  • Pylon Sign
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Monument Signage
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • -
  • Dec 2025

Dollar Tree, Inc. is a major North American discount retailer headquartered in Chesapeake, Virginia. The company operates a large network of small-format stores across the United States and Canada, offering low-priced consumables, household goods, seasonal merchandise, health and beauty products, and snacks. Dollar Tree is widely recognized for its fixed-price strategy, selling most products at a set low price point through its Dollar Tree banner, while its Family Dollar banner offers everyday low-cost merchandise across variable price ranges. Corporate operations at the Chesapeake headquarters oversee merchandising, supply chain, marketing, finance, human resources, and real estate activities supporting thousands of stores nationwide. Dollar Tree emphasizes convenience, value, and efficient distribution, with additional support from multiple distribution centers throughout North America.

  • Finance and Insurance
  • -
  • $18.00
  • Triple Net
  • Aug 2023

George Gandy Insurance has been proudly serving New Mexico residents since 1990. They are an independent agency, which gives them the ability to work with several insurance carriers. They compare coverage and rates across the board to find you the best coverage at the best price.

  • Insurance Office
  • -
  • -
  • -
  • Triple Net
  • -
  • Information
  • -
  • -
  • -
  • -

T-Mobile US is a publicly traded wireless telecommunications provider headquartered in Bellevue, Washington. Established in 1994 as VoiceStream Wireless, the company was later acquired by Deutsche Telekom and rebranded under the T-Mobile name. Its operations focus on nationwide mobile communication services, including wireless voice, data, and broadband offerings. The company has grown through major industry milestones, most notably its merger with Sprint in 2020, which expanded its spectrum assets and subscriber base. T-Mobile operates under a majority ownership by Deutsche Telekom and continues to develop its network capabilities, including sustained investment in 5G infrastructure across the United States.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - - - Dec 2025
Finance and Insurance - $18.00 Triple Net Aug 2023
Insurance Office - - - Triple Net -
Information - - - -

Nearby Major Retailers

Starbucks
Albertsons
U.S. Bank
Rent-A-Center
Blake's Lotaburger
Lowe's Market
Smith's

Property Taxes

Property Taxes

Parcel Number
78943
Land Assessment
$106,806
Improvements Assessment
$244,099
Total Assessment
$350,905
  • Listing ID: 39068303

  • Date on Market: 1/13/2026

  • Last Updated:

  • Address: 101 Herdner Rd, Taos, NM 87571

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