Portfolio of Four STNL Family Dollar Stores | New Mexico

Retail-Commercial for Sale
Catylist Listing ID: 30171303
Property Subtypes: Free-Standing Building
Building Size (RSF): 8,008 SF
Gross Building Area: See Agent
Gross Land Area: 0.18 Acres
Sale Price: $3,814,906
Unit Price: $476.39 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Last Updated: 10/20/2017

Overview / Comments

Marcus & Millichap exclusively presents a Net-Leased Portfolio of four freestanding Family Dollar Stores, located in various locations throughout New Mexico. Almost all of the stores are located in areas where Family Dollar is the main provider of daily necessity consumer goods.

Established in 1959, Family Dollar has been in business for more than 50 years. One of the nations' fastest growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family. Dollar Tree, America's leading operator of discount variety stores announced in July 2015 that it merged with Family Dollar Stores, Inc. creating the leading discount retailer in North America.

The combines organization will operate more than 13,000 stores in fourty eight states and five Canadian provinces, with sales exceeding $19 billion annually. This acquisition of the leading fixed price point stores, Dollar Tree and the leading operator of multi-price point stores, Family Dollar will provide enhanced financial performance and improved growth prospects.

Attachments & Media

Additional Details

Nearest MSA: Clovis
County: De Baca

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 762 762
Median Age: 47.95 47.95
Households: 355 355

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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