506 W Highway 66 | Milan, NM 87021
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506 W Highway 66
Milan, NM 87021
Dollar General · Retail Property For Sale
Investment Highlights
- The lease calls for a 3.00% rent increase starting on 11/1/2021, providing for a hedge against inflation. 10.00% rent increases in each of the option
- Essential Retailer – DG remains open for business during the Covid-19 Pandemic, which resulted in 24% net sales increase in the second quarter of 2020
- High Traffic Location – The location benefits from being on Historic Route 66, one of the most famous roads in the US, drawing tourists from all over
PROPERTY FACTS
Property Type
Retail
Property Subtype
Convenience Store
Building Size
9,026 SF
Building Class
B
Year Built
2011
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.96 AC
Parking
18 Spaces
Frontage
165 FT on U.S. Route 66
PROPERTY TAXES
| Parcel Number | R22387 | Improvements Assessment | $240,343 |
| Land Assessment | $20,007 | Total Assessment | $260,350 |
PROPERTY TAXES
Parcel Number
R22387
Land Assessment
$20,007
Improvements Assessment
$240,343
Total Assessment
$260,350
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