1604 US 60 #84 Hwy - Convenience Store FOR SALE


Clovis, NM 88101
$1,818,210 USD
734-755-6359
1604 US 60 #84 Hwy, Clovis, NM for Sale
$1,818,210 USD
Convenience Store - FOR SALE
1/7
null | 6.75% Cap Rate

1604 US 60 #84 Hwy
Clovis, NM 88101


HIGHLIGHTS

  • 15 Year Absolute NNN Lease | 14 Yrs Remaining on Primary Term.
  • 2024 BTS Plus Size Construction | Corner Site!
  • 5% Rental Rate Increases Every 5 Years!
  • Across from the Cannon Airforce Base.

OVERVIEW

Fortis Net Lease is pleased to present this 2024 BTS 10,640 SF. Dollar General Plus store located in Clovis, New Mexico. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has completed construction and successfully opened for business in April 2024. This Dollar General is highly visible as it is strategically positioned on the corner of Curry Road & Highway 60 seeing 7,065 cars per day, directly across from & serving the Cannon Airforce Base. The 10 mile population from the site is 44,768 and the 3 mile average household income is $69,058 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.75% cap rate based on NOI of $122,729.16.

FOR SALE DETAILS

PRICE

$1,818,210 USD

PRICE/SF

$171 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.27 AC

LAND SF

229,743 SF

ZONING

C-1

APN/PARCEL ID

120501151003100

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

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