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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
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
Brian Brockman
License # 20241, 9568 (NM)
Bang Realty-New Mexico, Inc.
2939 Vernon Place, Cincinnati, OH 45219
(866) 889-0550
Property Facts
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 started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Property Taxes
| Parcel Number | 2094173138178 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $385,205 |
Property Taxes
Contacts
-
Kevin Bettinger -
Erik Vogelzang -
Brett Beers -
Matthews Real Estate Investment Services
Presented by
Dollar General | 3228 US-64
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