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Family Dollar 1690 S Solano Dr 7,815 SF Retail Building Las Cruces, NM 88001 $1,175,000 ($150.35/SF) 7.25% Cap Rate
Investment Highlights
- 7,815 SF Freestanding Single-Tenant Family Dollar Situated on 0.63 Acres
- Long-Term Historical Occupancy | Family Dollar Has Occupied The Site Since 2004
- One Of Family Dollar's Top-Performing Locations Nationwide | 99th Percentile via Placer.Ai | #1 Store In The State Of New Mexico
- Double Net (NN) Lease | Minimal Landlord Responsibilities | Ideal Investment Opportunity For a Passive Investor
- No Options Remaining | Well Below Market Rent At Only $10.90/ SF | Long-Term Upside Potential
- Strong Reporting Store Sales | Contact Agent For More Details
Executive Summary
7,815 SF Freestanding Single-Tenant Family Dollar Situated on 0.63 Acres
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,815 SF
Building Class
B
Year Built
2005
Price
$1,175,000
Price Per SF
$150.35
Cap Rate
7.25%
NOI
$85,184
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.63 AC
Zoning
C2
Parking
24 Spaces (3.07 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-31717 | Improvements Assessment | $203,530 |
| Land Assessment | $68,608 | Total Assessment | $272,138 |
Property Taxes
Parcel Number
02-31717
Land Assessment
$68,608
Improvements Assessment
$203,530
Total Assessment
$272,138
Contacts
-
Deno Bistolarides -
Nick Yaldo -
Ryan Vinco -
Encore Real Estate Investment Services
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Family Dollar | 1690 S Solano Dr
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