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Net Leased Family Dollar 302 W 1st St 8,320 SF Retail Building Dexter, NM 88230 $1,113,795 ($133.87/SF) 9.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Net Lease – Landlord Responsible for Roof & Structure Only
- Highly Visible Location Along W 1st Street
- Convenient Access to U.S. Highway 285
- Corporate Guarantee – Family Dollar Stores, Inc.
- Surrounded by Key Local Businesses – Allsup's, Kenny's Market, Dexter Lumber & Hardware Co, and More
EXECUTIVE SUMMARY
The Kase Group is pleased to present the opportunity to acquire a net-leased
Family Dollar located at 302 W 1st Street in Dexter, New Mexico. The property
consists of an ±8,320 square foot freestanding building with excellent visibility
along the town’s primary commercial corridor. Dexter serves as a local hub for
surrounding rural communities, offering a steady flow of local and regional traffic.
The lease is corporately guaranteed by Family Dollar Stores, Inc. and structured
as a Net Lease with minimal landlord responsibilities limited to roof and
structure. The current term runs through June 30, 2028, and includes five (5)
additional five-year renewal options with no rental increases during the base or
option periods.
The property is strategically positioned near several key retailers and service
providers, including Allsup's Convenience Store, Kenny's Market, Dexter Lumber &
Hardware Co, Vic's Tire Repair, and Dexter Tire Services. It also offers convenient
access to U.S. Highway 285, enhancing regional connectivity and visibility.
Family Dollar located at 302 W 1st Street in Dexter, New Mexico. The property
consists of an ±8,320 square foot freestanding building with excellent visibility
along the town’s primary commercial corridor. Dexter serves as a local hub for
surrounding rural communities, offering a steady flow of local and regional traffic.
The lease is corporately guaranteed by Family Dollar Stores, Inc. and structured
as a Net Lease with minimal landlord responsibilities limited to roof and
structure. The current term runs through June 30, 2028, and includes five (5)
additional five-year renewal options with no rental increases during the base or
option periods.
The property is strategically positioned near several key retailers and service
providers, including Allsup's Convenience Store, Kenny's Market, Dexter Lumber &
Hardware Co, Vic's Tire Repair, and Dexter Tire Services. It also offers convenient
access to U.S. Highway 285, enhancing regional connectivity and visibility.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
C
Year Built
2013
Price
$1,113,795
Price Per SF
$133.87
Cap Rate
9.25%
NOI
$103,026
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.89 AC
Opportunity Zone
Yes
Parking
17 Spaces (2.04 Spaces per 1,000 SF Leased)
Frontage
254’ on W 1st St
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $249,346 | |
| Land Assessment | $34,666 | Total Assessment | $284,012 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$34,666
Improvements Assessment
$249,346
Total Assessment
$284,012
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Net Leased Family Dollar | 302 W 1st St
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