537 S County Line Dr
Chaparral, NM 88081

The offering provides an opportunity to acquire a brand new construction Family Dollar located in Chaparral, New Mexico. The lease features a new 10-year lease with six 5-year options to extend. The subject property is a part of the El Paso-Las Cruces CSA with an estimated population of 1.06 million residents. It is located just three blocks away from Sunrise Elementary School, Chaparral High School, and Dona Ana Community College, as well as a thirty-minute drive to El Paso International Airport. Fort Bliss, which is the second-largest U.S. Army installation (more on page 12), Biggs Army Airfield, and White Sands Missile Range are also located thirty minutes from the subject property. Chaparral, NM is a community of an estimated 14,631 residents in Otero County. Located 23 miles from the El Paso, TX, the city is situated on the New Mexico-Texas border. Within ten miles of Chaparral, there are 86,327 residents with an average household income exceeding $61,000. Family Dollar was acquired by Dollar Tree, Inc. in 2015. The acquisition price for Family Dollar was $9 billion in cash and Dollar Tree stock. The combined Dollar Tree-Family Dollar entity is now the largest discounter in North America with over 15,000 stores in 48 states and Canada, with plans to open another 550 stores in 2019. Both brands continue to operate separately.