12184 Highway 478 | Mesquite, NM 88048
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- LoopNet Team
12184 Highway 478
Mesquite, NM 88048
Dollar General · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Strong Corporate Guaranty – Dollar General Corporation (NYSE: DG) carries an investment-grade credit rating of BBB (S&P) and a $55 Billion market cap
- Early Lease Extension – Tenant extended the lease showing long-term commitment to the site
- Location – Located along the Rio Grande between Las Cruces, NM and EL Paso, TX
- Rental Increases – Attractive 13% rental increase in the first option
- Zero Landlord Responsibility – Absolute NNN Lease offering a secure and passive stream of income
- Essential Retailer – Dollar General showed its resiliency during the COVID 19 Pandemic, boasting a ~21% increase in net sales
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,301 SF
Building Class
C
Year Built
2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
3.71 AC
Zoning
A1
Parking
44 Spaces (4.73 Spaces per 1,000 SF Leased)
Frontage
160’ on New Mexico 478
PROPERTY TAXES
| Parcel Number | 17-17077 | Improvements Assessment | $271,370 |
| Land Assessment | $21,023 | Total Assessment | $292,393 |
PROPERTY TAXES
Parcel Number
17-17077
Land Assessment
$21,023
Improvements Assessment
$271,370
Total Assessment
$292,393
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