1001 Salt Missions trl - Convenience Store FOR SALE


Moriarty, NM 87035
$1,916,000 USD
678-808-2762
1001 Salt Missions trl, Moriarty, NM for Sale
$1,916,000 USD
Convenience Store - FOR SALE
1/3
null | 7% Cap Rate

1001 Salt Missions trl
Moriarty, NM 87035


OVERVIEW

15 YEAR CORPORATE NNN LEASE WITH RENT INCREASES • This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure. • There are 5% rent increases in each of the five, 5-year option periods. NEW 12,687 SF UPGRADED CONSTRUCTION DOLLAR GENERAL • The subject property is 12,687 SF which is about 2,000 SF larger than the traditional Dollar General footprint. ALBUQUERQUE MSA | MOST POPULOUS CITY IN NM • The subject property is 45 minutes southeast of downtown Albuquerque off Interstate 40 (28,294 VPD) • Albuquerque is the most populous city in NM and is the fourth largest city in the southwest with 572,864 residents. • The city is New Mexico’s leading economic center, accounting for half the state’s economic activity. • The economy is highly diversified, centering on science, medicine, technology, commerce, education, media entertainment, and culture (particularly fine arts); construction, film production, and retail. • Home to multiple academic institutions such as the University of New Mexico (25,441 Students) and Central New Mexico Community College (22,278 Students). • Film studios have a major presence throughout New Mexico; Netflix maintains a major production hub at Albuquerque Studios. INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 21,000 locations and plans to open 750 stores in 2025. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

FOR SALE DETAILS

PRICE

$1,916,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12,680 SF Dollar General | Albuquerque MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

-

APN/PARCEL ID

R001000801

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.