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Dollar General 3228 US-64 9,100 SF Retail Building Waterflow, NM 87421 $1,443,302 ($158.60/SF) 7% Cap Rate

Retail Buildings New Mexico Waterflow 3228 US-64, Waterflow, NM 87421

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Investment Highlights

  • Investment-Grade Credit Tenant – Corporate-guaranteed lease from Dollar General Corp. (S&P: BBB), a publicly traded Fortune 500 company (NYSE: DG).
  • Strong Market Position with Limited Competition – Strategically located in a supply-constrained trade area with limited direct competition.
  • Recession-Resilient & E-Commerce Resistant Retailer – Dollar General’s essential, value-oriented business model has demonstrated durability
  • Absolute NNN Lease Structure – Zero landlord responsibilities, providing truly passive ownership.
  • Attractive Yield – Offers an above-market return relative to comparable net lease investments.
  • Long-Term Lease Security – Approximately ±10.5 years of remaining primary term, plus 3, five-year renewal options with 10% rental increases

Executive Summary

Broker of Record
Brian Brockman
License # 20241, 9568 (NM)
Bang Realty-New Mexico, Inc.
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
$1,443,302
Price Per SF
$158.60
Cap Rate
7%
NOI
$101,031
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 began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business created by J.L. Turner and Cal Turner. The company later evolved into a discount retailer and now focuses on everyday essentials, including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, alongside private brands and well-known national brands. Dollar General also operates DG Market, DGX, and pOpshelf formats in the United States and Mi Súper Dollar General stores in Mexico, while continuing to build a broad convenience-oriented general merchandise business.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -

Links

1 1
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Source: Local Logic®

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
(310) 579-9692

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 40991545

  • Date on Market: 6/19/2026

  • Last Updated:

  • Address: 3228 US-64, Waterflow, NM 87421

The Retail Property at 3228 US-64, Waterflow, NM 87421 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

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Dollar General | 3228 US-64

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