2341 Main St

Los Lunas, NM 87031 | 1.3 Acres / 13,500 SF

$1,610,000.00

Investment Property For Sale


Dollar Tree | New 10-Year Lease | Grocery Anchored Shopping Center | Significant Traffic Counts | Dense, In-Fill Location

Array

Investment Property For Sale

Price $1,610,000.00
Size 1.3 Acres / 13,500 SF

Benefits

Dollar Tree
2341 Main St
Los Lunas, NM 87031

 

Offering Summary

Purchase Price: $1,610,000
Net Operating Income: $104,625
Cap Rate: 6.50%
Lease Type: NN

 

Investment Highlights

  • Single-Tenant Net-Lease Dollar Tree
  • Brand new 10-year lease with (2) 5-year options
    – $0.50/SF increases every five years
  • Building Size: ±13,500 SF
  • Land Size: ±1.31 acres
  • BBB- Investment Grade Credit Rating
  • Strong real estate fundamentals
    – Grocery anchored shopping center
    – Located along Main St. (main thoroughfare in Los Lunas)
    – Neighboring retailers include Albertsons, Ross, Big 5, Walgreens, Smith’s, Burger King, and Taco Bell among many others
  • Located at the “Y” (Intersection of Main St. and Hwy 47) with significant traffic counts
    – Traffic counts exceed 26,200 cars per day on Main St.
    – Traffic counts exceed 13,200 cars per day on Hwy 47
  • Dense, in-fill retail corridor
    – Population exceeds 44,000 within a 5-mile radius
  • Los Lunas is thriving and growing
    – Los Lunas services all of Valencia County and outlying communities as far south as Socorro
    – Facebook’s multiple data centers are being built in Los Lunas with over $1 billion in investment; construction of the project will run through 2023

Location

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