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FAMILY DOLLAR 15052 NM-75 9,180 SF Retail Building Penasco, NM 87553 $1,181,102 ($128.66/SF) 8.50% Cap Rate
Investment Highlights
- 2010 Built to Suit Construction for Family Dollar
- Extremely healthy Rent-to-Sales ratio of 4.86% – contact agent for more details
- Extremely strong corporately guaranteed lease from Dollar Tree
- Located between Santa Fe and the popular resort town of Taos
- Tenant extended the term of their first option, showing a long term commitment to the site
- Five, 5-year options, all of which include an attractive rental increase
Executive Summary
Broker of Record
Brian Brockman
License #: 20241
Bang Realty-New Mexico Inc
bor@bangrealty.com
513-898-1551
Brian Brockman
License #: 20241
Bang Realty-New Mexico Inc
bor@bangrealty.com
513-898-1551
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,180 SF
Building Class
C
Year Built
2010
Price
$1,181,102
Price Per SF
$128.66
Cap Rate
8.50%
NOI
$100,394
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.90 AC
Zoning
C - Commercial
Parking
15 Spaces (1.63 Spaces per 1,000 SF Leased)
Frontage
162’ on New Mexico 75
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Family Dollar
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Family Dollar | - | - | - | - |
Property Taxes
| Parcel Number | 9402 | Improvements Assessment | $167,617 |
| Land Assessment | $5,631 | Total Assessment | $173,248 |
Property Taxes
Parcel Number
9402
Land Assessment
$5,631
Improvements Assessment
$167,617
Total Assessment
$173,248
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FAMILY DOLLAR | 15052 NM-75
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