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Dollar General | Rent Increases in Initial Term | 12,687 SF

1001 Salt Missions Trl, McIntosh (Albuquerque MSA), NM 87035

Listing Price: $2,063,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
12,687
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.57

Investment Overview

15 YEAR NNN DOLLAR GENERAL WITH 5% BUMPS IN INITIAL LEASE & OPTIONS
• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL MARKET
• The subject property is a 12,687 SF DG Market which is about 2,000 SF larger than the traditional Dollar General footprint.
• DG Market is a combo store with fresh produce, milk, meats, and other groceries added to Dollar General’s usual mix of low-price general merchandise.
• This DG Market is open and rent commenced in January 2024.

ALBUQUERQUE MSA | MOST POPULOUS CITY IN NM
• The subject property is 45 minutes southeast of downtown Albuquerque off Interstate 40 (28,294 VPD)
• Albuquerque is the most populous city in NM and is the fourth largest city in the southwest with 572,864 residents.
• The city is New Mexico’s leading economic center, accounting for half the state’s economic activity.
• The economy is highly diversified, centering on science, medicine, technology, commerce, education, media entertainment, and culture (particularly fine arts); construction, film production, and retail.
• Home to multiple academic institutions such as the University of New Mexico (25,441 Students) and Central New Mexico Community College (22,278 Students).
• Film studios have a major presence throughout New Mexico; Netflix maintains a major production hub at Albuquerque Studios.

INVESTMENT GRADE TENANT (S&P: BBB) WITH 19,750 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 19,750 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Investment Highlights

  • 5% Rent Increases in Initial Term
  • 12,687 SF DG Market Location
  • 15 Year Corporate NNN Lease
  • Albuquerque MSA | Most Populous City in NM
  • Store Opened in January 2024
  • Investment Grade Tenant | 20,000 Locations

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Discount

Dollar General | Rent Increases in Initial Term | 12,687 SF

Listing Price: $2,063,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
12,687
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.57

Investment Highlights

  • 5% Rent Increases in Initial Term
  • 12,687 SF DG Market Location
  • 15 Year Corporate NNN Lease
  • Albuquerque MSA | Most Populous City in NM
  • Store Opened in January 2024
  • Investment Grade Tenant | 20,000 Locations

Investment Overview

15 YEAR NNN DOLLAR GENERAL WITH 5% BUMPS IN INITIAL LEASE & OPTIONS • This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure. • There are 5% rent increases in each of the five, 5-year option periods. NEW UPGRADED CONSTRUCTION DOLLAR GENERAL MARKET • The subject property is a 12,687 SF DG Market which is about 2,000 SF larger than the traditional Dollar General footprint. • DG Market is a combo store with fresh produce, milk, meats, and other groceries added to Dollar General’s usual mix of low-price general merchandise. • This DG Market is open and rent commenced in January 2024. ALBUQUERQUE MSA | MOST POPULOUS CITY IN NM • The subject property is 45 minutes southeast of downtown Albuquerque off Interstate 40 (28,294 VPD) • Albuquerque is the most populous city in NM and is the fourth largest city in the southwest with 572,864 residents. • The city is New Mexico’s leading economic center, accounting for half the state’s economic activity. • The economy is highly diversified, centering on science, medicine, technology, commerce, education, media entertainment, and culture (particularly fine arts); construction, film production, and retail. • Home to multiple academic institutions such as the University of New Mexico (25,441 Students) and Central New Mexico Community College (22,278 Students). • Film studios have a major presence throughout New Mexico; Netflix maintains a major production hub at Albuquerque Studios. INVESTMENT GRADE TENANT (S&P: BBB) WITH 19,750 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 19,750 locations and plans to open 800 stores in 2024. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

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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