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Discount

Dollar General | 15 Yr Abs. NNN

2419 NM-522, Questa, NM 87556

Listing Price: $1,978,353

Cap Rate
5.10%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$217.40
Lease Type
Absolute Net
Rent Per Square Feet
$11.09

Investment Overview

Marcus & Millichap is pleased to offer for sale this brand-new Dollar General store located at 2419 State Highway 522, Questa, NM 87556 and (the “Property”). Rent commenced is estimated to begin November 2021, and is subject to a 15-year lease expiring October 2036. The current annual rent is $100,896 and is scheduled to increase 10% in each of the three, five-year tenant renewal option periods. The property comprises a +/- 9,100 SF building on a 1.18-acre parcel, that is strategically positioned for high visibility and traffic, subject is located along main thoroughfare state highway 522, just a half-mile off of the state highway 38 junction with nearby retailers - Questa Center Super Market, Phillips 66, Elite Fitness & Workout Center, Family Dollar, NorthStar Tire & Auto, Carquest Auto Parts, USPS, Food Pantry, Questa Credit Union, Questa Lumber & Hardware Co.

Investment Highlights

  • Subject Asset is a Brand New Build-to-Suit, Single-Tenant Freestanding Building with a Total Gross Leasable Area of 9,100 Square-Feet on a 1.18-Acre Lot | Includes Pylon Signage and 30 Parking Spaces
  • New 15-Year Absolute Triple Net (NNN) Lease with Corporate Guarantee Includes Three, Five-Year Options | Potential 30- Year Lease Term
  • Investment Grade Tenant Dollar General is the Country's Largest Small Box Discount Retailer with Over 17,000 Stores and a Credit Rating of BBB by Standard & Poor's
  • Ten-Percent Increase in Options for Long Term Passive Income from Credit Worthy Tenant | Expected Grand Opening in November 2021
  • Strategically Positioned for High Visibility and Traffic, Subject is Located Along Main Thoroughfare State Highway 522, Just a Half-Mile off of the State Highway 38 Junction

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Discount

Dollar General | 15 Yr Abs. NNN

Listing Price: $1,978,353

Cap Rate
5.10%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$217.40
Lease Type
Absolute Net
Rent Per Square Feet
$11.09

Investment Highlights

  • Subject Asset is a Brand New Build-to-Suit, Single-Tenant Freestanding Building with a Total Gross Leasable Area of 9,100 Square-Feet on a 1.18-Acre Lot | Includes Pylon Signage and 30 Parking Spaces
  • New 15-Year Absolute Triple Net (NNN) Lease with Corporate Guarantee Includes Three, Five-Year Options | Potential 30- Year Lease Term
  • Investment Grade Tenant Dollar General is the Country's Largest Small Box Discount Retailer with Over 17,000 Stores and a Credit Rating of BBB by Standard & Poor's
  • Ten-Percent Increase in Options for Long Term Passive Income from Credit Worthy Tenant | Expected Grand Opening in November 2021
  • Strategically Positioned for High Visibility and Traffic, Subject is Located Along Main Thoroughfare State Highway 522, Just a Half-Mile off of the State Highway 38 Junction

Investment Overview

Marcus & Millichap is pleased to offer for sale this brand-new Dollar General store located at 2419 State Highway 522, Questa, NM 87556 and (the “Property”). Rent commenced is estimated to begin November 2021, and is subject to a 15-year lease expiring October 2036. The current annual rent is $100,896 and is scheduled to increase 10% in each of the three, five-year tenant renewal option periods. The property comprises a +/- 9,100 SF building on a 1.18-acre parcel, that is strategically positioned for high visibility and traffic, subject is located along main thoroughfare state highway 522, just a half-mile off of the state highway 38 junction with nearby retailers - Questa Center Super Market, Phillips 66, Elite Fitness & Workout Center, Family Dollar, NorthStar Tire & Auto, Carquest Auto Parts, USPS, Food Pantry, Questa Credit Union, Questa Lumber & Hardware Co.

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

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