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Dollar Tree - Los Lunas

2341 Main St SE, Los Lunas, NM 87031

Listing Price: $1,782,000

Cap Rate
6.25%
Tenant Name
Dollar Tree
Years Remaining On Lease
5.7
Gross SF
13,500
Guarantor
Corporate Guarantee
Rentable SF
13,500
Price/Gross SF
$132.00
Lease Type
Double Net
Rent Per Square Feet
$8.25

Investment Overview

Dollar Tree Los Lunas, which opened in 2020, has over 5.7 years remaining on its lease term, with minimal responsibilities for the landlord. This property serves as an excellent hedge against inflation, offering a $0.50 rent increase every five years, with two additional five-year extension options.

Dollar Tree, Inc., a Fortune 500 company, operates 15,115 stores across the contiguous U.S. and Canada, and is an investment-grade tenant with a BBB rating from S&P. The store is strategically located next to the Los Lunas Albertsons supermarket, which is ranked in the top 6 percent nationwide and in the top 20 percent in New Mexico, according to Placer AI.

The Dollar Tree boasts excellent signage, with a pylon sign visible from Highway 47 and Main Street, where traffic counts exceed 40,000 cars per day. It is part of a strong retail corridor, surrounded by major retailers such as Albertsons, Ross, Big 5, Smith’s, Ace Hardware, Walgreens, Taco Bell, Starbucks, Burger King, Pizza Hut, US Bank, O’Reilly Auto Parts, and AutoZone.

Los Lunas, located 20 miles south of Albuquerque, is a thriving and growing city with over 42,700 residents within a five-mile radius and an average household income of $74,248. In 2016, Facebook invested over $1 billion in building its Meta Data Centers in Los Lunas, further contributing to the city’s growth and economic development.

Investment Highlights

  • Single Tenant NN Dollar Tree 2020 Opening Date: 5.7+ Years Term Remaining with Minimal Landlord Responsibilities
  • Excellent Hedge Against Inflation: Attractive $0.50 Cent Increase Every Five Years through Term and Options – Two-Five Year Options
  • Excellent Signage and Traffic: Pylon Sign Visible from Highway 47 and Main Street Signalized Intersection Traffic Counts Over 40,000 Cars Per Day.
  • Top Ranked Shadow Anchor: Dollar Tree is Adjacent to the Los Lunas Albertsons Supermarket which According to Placer AI is Ranked in the Top Six Percent in the Country and Top 20 Percent in New Mexico.
  • Investment Grade Tenant: S&P Rated BBB | Dollar Tree, Inc. is an American Multi-Price-Point Chain of Discount Variety Stores. It is a Fortune 500 Company and Operates 15,115 Stores Throughout the 48 Contiguous United States States and Canada.
  • Strong Retail Corridor: Neighboring Retailers such as Albertsons, Ross, Big 5, Smith's, Ace Hardware, Walgreens, Taco Bell, Starbucks, Burger King, Pizza Hut, US Bank, O'Reilly Auto Parts, AutoZone, and more
  • Thriving and Growing City: Dollar Tree in Los Lunas is 20 Miles South of Albuquerque with Over 42,700 People in a Five Mile Radius with an Average Household Income of $74,248. In 2016 Facebook Spent Over One Billion Dollars Building their Facebook (Meta) Data Centers in the City of Los Lunas.

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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Dollar Tree - Los Lunas

Listing Price: $1,782,000

Cap Rate
6.25%
Tenant Name
Dollar Tree
Years Remaining On Lease
5.7
Gross SF
13,500
Guarantor
Corporate Guarantee
Rentable SF
13,500
Price/Gross SF
$132.00
Lease Type
Double Net
Rent Per Square Feet
$8.25

Investment Highlights

  • Single Tenant NN Dollar Tree 2020 Opening Date: 5.7+ Years Term Remaining with Minimal Landlord Responsibilities
  • Excellent Hedge Against Inflation: Attractive $0.50 Cent Increase Every Five Years through Term and Options – Two-Five Year Options
  • Excellent Signage and Traffic: Pylon Sign Visible from Highway 47 and Main Street Signalized Intersection Traffic Counts Over 40,000 Cars Per Day.
  • Top Ranked Shadow Anchor: Dollar Tree is Adjacent to the Los Lunas Albertsons Supermarket which According to Placer AI is Ranked in the Top Six Percent in the Country and Top 20 Percent in New Mexico.
  • Investment Grade Tenant: S&P Rated BBB | Dollar Tree, Inc. is an American Multi-Price-Point Chain of Discount Variety Stores. It is a Fortune 500 Company and Operates 15,115 Stores Throughout the 48 Contiguous United States States and Canada.
  • Strong Retail Corridor: Neighboring Retailers such as Albertsons, Ross, Big 5, Smith's, Ace Hardware, Walgreens, Taco Bell, Starbucks, Burger King, Pizza Hut, US Bank, O'Reilly Auto Parts, AutoZone, and more
  • Thriving and Growing City: Dollar Tree in Los Lunas is 20 Miles South of Albuquerque with Over 42,700 People in a Five Mile Radius with an Average Household Income of $74,248. In 2016 Facebook Spent Over One Billion Dollars Building their Facebook (Meta) Data Centers in the City of Los Lunas.

Investment Overview

Dollar Tree Los Lunas, which opened in 2020, has over 5.7 years remaining on its lease term, with minimal responsibilities for the landlord. This property serves as an excellent hedge against inflation, offering a $0.50 rent increase every five years, with two additional five-year extension options. Dollar Tree, Inc., a Fortune 500 company, operates 15,115 stores across the contiguous U.S. and Canada, and is an investment-grade tenant with a BBB rating from S&P. The store is strategically located next to the Los Lunas Albertsons supermarket, which is ranked in the top 6 percent nationwide and in the top 20 percent in New Mexico, according to Placer AI. The Dollar Tree boasts excellent signage, with a pylon sign visible from Highway 47 and Main Street, where traffic counts exceed 40,000 cars per day. It is part of a strong retail corridor, surrounded by major retailers such as Albertsons, Ross, Big 5, Smith’s, Ace Hardware, Walgreens, Taco Bell, Starbucks, Burger King, Pizza Hut, US Bank, O’Reilly Auto Parts, and AutoZone. Los Lunas, located 20 miles south of Albuquerque, is a thriving and growing city with over 42,700 residents within a five-mile radius and an average household income of $74,248. In 2016, Facebook invested over $1 billion in building its Meta Data Centers in Los Lunas, further contributing to the city’s growth and economic development.

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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