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12,680 SF Dollar General | Albuquerque MSA

1001 Salt Missions Trl, Moriarty, NM 87035

Listing Price: $1,916,000

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
13.9
Guarantor
Corporate Guarantee
Rentable SF
12,687
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.57

Investment Overview

15 YEAR CORPORATE NNN LEASE WITH RENT INCREASES
• 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 12,687 SF UPGRADED CONSTRUCTION DOLLAR GENERAL
• The subject property is 12,687 SF which is about 2,000 SF larger than the traditional Dollar General footprint.

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 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 21,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Investment Highlights

  • 15 Year Corporate NNN Lease With Rent Increases
  • New 12,687 SF Upgraded Construction Dollar General
  • Albuquerque MSA | Most Populous City In NM
  • Investment Grade Tenant (S&P: BBB) With 21,000 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

12,680 SF Dollar General | Albuquerque MSA

Listing Price: $1,916,000

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
13.9
Guarantor
Corporate Guarantee
Rentable SF
12,687
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.57

Investment Highlights

  • 15 Year Corporate NNN Lease With Rent Increases
  • New 12,687 SF Upgraded Construction Dollar General
  • Albuquerque MSA | Most Populous City In NM
  • Investment Grade Tenant (S&P: BBB) With 21,000 Locations

Investment Overview

15 YEAR CORPORATE NNN LEASE WITH RENT INCREASES • 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 12,687 SF UPGRADED CONSTRUCTION DOLLAR GENERAL • The subject property is 12,687 SF which is about 2,000 SF larger than the traditional Dollar General footprint. 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 21,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 21,000 locations and plans to open 750 stores in 2025. • 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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