Discount
Dollar Tree
2510 W Picacho Ave, Las Cruces, NM 88007
Listing Price: $1,705,000
Cap Rate
7.25%
Tenant Name
Dollar Tree
Years Remaining On Lease
7.3
Gross SF
10,010
Guarantor
Corporate Guarantee
Rentable SF
10,010
Price/Gross SF
$170.33
Lease Type
Double Net
Rent Per Square Feet
$12.36
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Dollar Tree in Las Cruces, NM.
Dollar Tree
Investment Highlights
- 7.25% YIELD ON INVESTMENT WITH 7+ YEAR CORPORATE LEASE (NASDAQ: DLTR)
- FRONTAGE ALONG WEST PICACHO AVE SEEING OVER 16,800 VEHICLES PER DAY
- LOCATED JUST WEST OF DOWNTOWN LAS CRUCES WITH OVER 106K RESIDENTS
- ADJACTENT TO MIDDLE/HIGH SCHOOL WITH 2,000+ STUDENTS AND LESS THAN 5 MILES FROM NEW MEXICO STATE UNIVERSITY (22,000+ STUDENTS)
Exclusively Listed By
Broker of Record
Listing Price: $1,705,000
Cap Rate
7.25%
Tenant Name
Dollar Tree
Years Remaining On Lease
7.3
Gross SF
10,010
Guarantor
Corporate Guarantee
Rentable SF
10,010
Price/Gross SF
$170.33
Lease Type
Double Net
Rent Per Square Feet
$12.36
Investment Highlights
- 7.25% YIELD ON INVESTMENT WITH 7+ YEAR CORPORATE LEASE (NASDAQ: DLTR)
- FRONTAGE ALONG WEST PICACHO AVE SEEING OVER 16,800 VEHICLES PER DAY
- LOCATED JUST WEST OF DOWNTOWN LAS CRUCES WITH OVER 106K RESIDENTS
- ADJACTENT TO MIDDLE/HIGH SCHOOL WITH 2,000+ STUDENTS AND LESS THAN 5 MILES FROM NEW MEXICO STATE UNIVERSITY (22,000+ STUDENTS)
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Dollar Tree in Las Cruces, NM.
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
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