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Department Store

Dollar General-Waterflow

3228 US-64, Waterflow, NM 87421

Listing Price: $1,832,000

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
14.1
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.07

Investment Overview

The subject property is a brand new freestanding Dollar General store in Waterflow, New Mexico. The 9,100 +/- square-foot store is located along US-Hwy 64. Strategically located between Albuquerque, NM and Flagstaff, AZ, this store is expected to do very well long-term given the captured audience and number of communities it will serve. The store is strategically located near a number of Indian Reservations both north and south of Highway 64 and is the first private land and services available as you travel east of The Navajo Nation Reservation. New Mexico includes a population of 22 tribal communities and joins Arizona, California and Oklahoma as one of the states with the highest numbers of people who identify as American Indian. The steady traffic which results from the subject store’s proximity brings a steady flow of customers to the store particularly on weekends. Dollar General signed a new absolute-NNN lease in November 2019, with rent commencing in August 2021. The triple net (NNN) lease provides for the Tenant to be responsible for property expenses including CAM, taxes, insurance, roof and HVAC. Three (3), five-year renewal options follow the initial 15- year lease term. Rent is scheduled to increase by 10% at the beginning of each renewal period.

Investment Highlights

  • NEW 2021 CONSTRUCTION
  • NEW 15-YEAR NNN LEASE
  • ZERO LANDLORD RESPONSIBILITIES
  • CAPTURED CUSTOMER BASE

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Department Store

Dollar General-Waterflow

Listing Price: $1,832,000

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
14.1
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.07

Investment Highlights

  • NEW 2021 CONSTRUCTION
  • NEW 15-YEAR NNN LEASE
  • ZERO LANDLORD RESPONSIBILITIES
  • CAPTURED CUSTOMER BASE

Investment Overview

The subject property is a brand new freestanding Dollar General store in Waterflow, New Mexico. The 9,100 +/- square-foot store is located along US-Hwy 64. Strategically located between Albuquerque, NM and Flagstaff, AZ, this store is expected to do very well long-term given the captured audience and number of communities it will serve. The store is strategically located near a number of Indian Reservations both north and south of Highway 64 and is the first private land and services available as you travel east of The Navajo Nation Reservation. New Mexico includes a population of 22 tribal communities and joins Arizona, California and Oklahoma as one of the states with the highest numbers of people who identify as American Indian. The steady traffic which results from the subject store’s proximity brings a steady flow of customers to the store particularly on weekends. Dollar General signed a new absolute-NNN lease in November 2019, with rent commencing in August 2021. The triple net (NNN) lease provides for the Tenant to be responsible for property expenses including CAM, taxes, insurance, roof and HVAC. Three (3), five-year renewal options follow the initial 15- year lease term. Rent is scheduled to increase by 10% at the beginning of each renewal period.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

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