Dollar Tree - Single Tenant Net Leased (STNL) Investment

Retail-Commercial for Sale
Catylist Listing ID: 30270968
Property Subtypes: Free-Standing Building
Building Size (RSF): 11,246 SF
Gross Building Area: See Agent
Sale Price: $2,050,000
Unit Price: $182.29 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/19/2018

Overview / Comments

Tenant Renovations Underway
New 10-Year Triple Net Lease with Corporate Guarantee
Strong, Dense Demographics in Established Neighborhood
Brand New Remodel (2018)
Fantastic Visibility Near Hard Corner
Convenient Access to I-40
Rent Escalations end of year 5 and each 5 year Renewal Option
Cap Rate increases to 7.1% end of year 5 (NOI: $145,529)
Shadow Anchored by Target, Best Buy, @Home, & Conn’s Inc.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Northeast
Tax ID/APN: ABQ134296
Zoning: MX-T - Mixed-use: Transition

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,279 148,820 262,521
Median Age: 37.98 38.41 39.14
Households: 9,623 63,604 117,378
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