Single Tenant NN Dollar Tree

Withdrawn Retail-Commercial for Sale
Catylist Listing ID: 30020875
Property Subtypes: Free-Standing Building, Retail-Pad
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Sale Price: $1,142,000
Unit Price: $114.20 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 8.25%
Withdrawn On: 9/14/2017
Last Updated: 9/14/2017

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

Additional Details

Nearest MSA: Grants
County: Cibola
Tenancy: Single Tenant

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,841 9,094 11,358
Median Age: 33.29 35.13 35.15
Households: 442 3,293 4,146

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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