Discount
Dollar General (New Construction | Rare Rent Increases)
702 N Reid St, Clovis, NM 88101
Listing Price: $2,326,000
Cap Rate
6.15%
Tenant Name
Dollar General
Years Remaining On Lease
25.1
Gross SF
10,566
Guarantor
Corporate Guarantee
Rentable SF
10,566
Price/Gross SF
$220.14
Lease Type
Absolute Net
Rent Per Square Feet
$13.54
Investment Overview
Upon completion of construction, the property will be subject to a 15-year lease, guaranteed by Dollar General Corporation, a Fortune 500 company. The property consists of a 10,566-square-foot, freestanding building that sits on approximately 0.96 acres of land.
Dollar General (New Construction | Rare Rent Increases)
Investment Highlights
- Superior Lease Structure - Rare Rent Increases Every Five Years
- New 15-Year Absolute Net Lease
- 2023 Construction
- High Visibility West 7th Street Location (7,836 VPD)
- Near the Cannon Air Force Base - Over $400 Million in Labor Income and an Output of More Than $2 Billion
- Investment Grade Tenant (BBB; S&P)
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $2,326,000
Cap Rate
6.15%
Tenant Name
Dollar General
Years Remaining On Lease
25.1
Gross SF
10,566
Guarantor
Corporate Guarantee
Rentable SF
10,566
Price/Gross SF
$220.14
Lease Type
Absolute Net
Rent Per Square Feet
$13.54
Investment Highlights
- Superior Lease Structure - Rare Rent Increases Every Five Years
- New 15-Year Absolute Net Lease
- 2023 Construction
- High Visibility West 7th Street Location (7,836 VPD)
- Near the Cannon Air Force Base - Over $400 Million in Labor Income and an Output of More Than $2 Billion
- Investment Grade Tenant (BBB; S&P)
Investment Overview
Upon completion of construction, the property will be subject to a 15-year lease, guaranteed by Dollar General Corporation, a Fortune 500 company. The property consists of a 10,566-square-foot, freestanding building that sits on approximately 0.96 acres of land.
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Financing By
