Single Tenant NN Dollar Tree
|Catylist Listing ID:
Free-Standing Building, Retail-Pad
|Building Size (RSF):
|Gross Building Area:
|Property Use Type:
||Net Leased Investment (NNN), Investment
||Cash to Seller
Overview / Comments
Marcus & Millichap is pleased to present the Dollar Tree located at 1615 Vicky Drive in Grants, New Mexico. The property is a 10,000 square foot freestanding building, built in 2006. The double net lease requires Tenant to pay Real Estate Taxes directly, with the only major Landlord responsibilities being roof and structure. The subject property is an out-parcel to an 118,000 square foot Wal-Mart Supercenter. Dollar Tree just exercised their first five-year option at the increased contractual rent. The rent is $9.50 per square foot for the current term and increases by $.50 per square foot in the remaining five-year option period.
Attachments & Media
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