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Dense Infill Dollar Tree - Top Performer 2341 Main St SE
13,500 SF Retail Building Los Lunas, NM 87031 $1,713,462 ($127/SF) 6.50% Cap Rate
Investment Highlights
- Single Tenant NN Dollar Tree 2020 Opening Date: 5.7+ Years Term Remaining with Minimal Landlord Responsibilities
- Investment Grade Tenant: S&P Rated BBB | Dollar Tree, Inc. is a Fortune 500 Company and Operates 15,115 Stores in the U.S. and Canada
- Excellent Signage and Traffic: Pylon Sign Visible from Hwy 47 and Main Street Signalized Intersection Traffic Counts Over 40,000 Cars Per Day.
- Excellent Hedge Against Inflation: Attractive $0.50 Cent Increase Every 5 Years through Term and Options - Two-Five Year Options
- Top Ranked Shadow Anchor: Adjacent to the Los Lunas Albertsons Supermarket which is ranked top 6% nationwide in Placer AI
- Strong Retail Corridor in a Thriving and Growing City: In 2016 Facebook Spent Over $1 Billion Building their Data Centers in the City of Los Lunas
Executive Summary
Dollar Tree, Inc., a Fortune 500 company, operates 15,115 stores across the contiguous U.S. and Canada, and is an investment-grade tenant with a BBB rating from S&P. The store is strategically located next to the Los Lunas Albertsons supermarket, which is ranked in the top 6% nationwide and in the top 20% in New Mexico, according to Placer AI.
The Dollar Tree boasts excellent signage, with a pylon sign visible from Highway 47 and Main Street, where traffic counts exceed 40,000 cars per day. It is part of a strong retail corridor, surrounded by major retailers such as Albertsons, Ross, Big 5, Smith’s, Ace Hardware, Walgreens, Taco Bell, Starbucks, Burger King, Pizza Hut, US Bank, O’Reilly Auto Parts, and AutoZone.
Los Lunas, located 20 miles south of Albuquerque, is a thriving and growing city with over 42,700 residents within a five-mile radius and an average household income of $74,248. In 2016, Facebook invested over $1 billion in building its Meta Data Centers in Los Lunas, further contributing to the city’s growth and economic development.
Property Facts
Amenities
- Pylon Sign
- Signage
- Tenant Controlled HVAC
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 13,500 SF
- $8.25
- Double Net
- Mar 2030
At Dollar Tree, their customers can expect to find an environment where shopping is fun. They're known for their “thrill-of-the-hunt” shopping experience where customers can discover new, exciting items every week, from everyday essentials to fun craft, seasonal, and party merchandise. Many of the items they carry sell for more elsewhere, which means that their customers can stretch their dollars to get the products they need at an extreme value. They remain fiercely committed to their mission of bringing their customers extreme value every day, along with more thrills, more fun & new items every week! Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. In the midst of massive growth, Dollar Tree remains committed to their original mission: giving customers extreme value at low prices. With stores in the U.S. and Canada, they are fulfilling that mission more now than ever before.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 13,500 SF | $8.25 | Double Net | Mar 2030 |
PROPERTY TAXES
| Parcel Number | 1-011-038-183-245-000000 | Improvements Assessment | $106,970 |
| Land Assessment | $113,257 | Total Assessment | $220,227 |
PROPERTY TAXES
-
Ara Rostamian -
Orbell Ovaness -
Axel Babakhanyan -
Marcus & Millichap
Presented by
Dense Infill Dollar Tree - Top Performer | 2341 Main St SE
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