Single Tenant Dollar Tree | Corporate Guarantee | Artesia, NM

Retail-Commercial for Sale
Catylist Listing ID: 30457960
Property Subtypes: Free-Standing Building
Building Size (RSF): 9,000 SF
Gross Land Area: 0.91 Acres
Sale Price: $1,200,000
Unit Price: $133.33 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 7.66%
Last Updated: 8/19/2019

Overview / Comments

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire the Dollar Tree Store located at 416 N 26th Street in Artesia, New
Mexico. The property is situated near the signalized intersection of W JJ Clarke Drive and North 26th Street. The 9,000 square foot building was constructed
in 2013. The lease with Dollar Tree Stores, Inc commenced in September 2013 and expires in September 2023. There are two five-year options to extend the
lease.

Headquartered in Chesapeake, VA, Dollar Tree is the largest single-price-point retailer in the country. A Fortune 500 Company, Dollar Tree operates 14,835
stores in throughout the United States and Canada.

The property is ideally positioned adjacent to a Walmart Supercenter and as part of a new retail development. The property is in close proximity to Artesia High
School and many other national retailers including Kmart, Aaron’s, AutoZone, Be, Subway, Taco Bell, Pizza Hut, O’Reilly and Sonic.

Attachments & Media

Additional Details

Nearest MSA: Carlsbad-Artesia
County: Eddy
Tax ID/APN: 4-151-098-015-403

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,690 11,687 14,455
Median Age: 34.52 34.52 34.36
Households: 1,009 4,270 5,276

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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