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Dollar General 3228 US-64 9,100 SF Retail Building Waterflow, NM 87421 $1,443,300 ($158.60/SF) 6.98% Cap Rate
Investment Highlights
- Absolute NNN lease with ±10.5 years remaining and zero landlord responsibilities.
- Attractive 7.00% cap rate with $100,776 annual NOI and $1,443,300 list price.
- Strategic location near Navajo Nation with limited direct competition.
- Corporate-guaranteed lease by Dollar General (S&P: BBB), a Fortune 500 company.
- Modern 2021 build-to-suit construction with 9,100 SF prototype design.
- Three 5-year renewal options with 10% rental increases at each option.
Executive Summary
Brian Brockman
Bang Realty-New Mexico, Inc.
License # 9568, 20241 (NM)
2939 Vernon Place, Cincinnati, OH 45219
(866) 889-0550
Bang Realty-New Mexico, Inc.
License # 9568, 20241 (NM)
2939 Vernon Place, Cincinnati, OH 45219
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2021
Price
$1,443,300
Price Per SF
$158.60
Cap Rate
6.98%
NOI
$100,776
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.97 AC
Parking
20 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
212’ on U.S. 64
Amenities
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 2094173138178 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $385,205 |
Property Taxes
Parcel Number
2094173138178
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$385,205
Contacts
-
Brett Beers -
Kevin Bettinger -
Erik Vogelzang -
Matthews Real Estate Investment Services
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Dollar General | 3228 US-64
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