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FAMILY DOLLAR | ANGEL FIRE, NEW MEXICO

Purchase Price
$1,409,611
Location
3421 Mountain View Blvd
Cap Rate
8.50%
Annual Rent
$119,817.48
Building Size
8,320 SF
Land Area
1.23 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
5.75 Years
LEASE EXPIRATION
3/31/2032
Renewal Options
Six (6) - Five (5) Year
RENT INCREASES
10% at Options
Parking
32 Spaces
Year Built
2016
APN
4564
Traffic Counts
3,891 VPD

INVESTMENT HIGHLIGHTS

 

FAMILY DOLLAR CORPORATE LEASE:

  • Approximately 5.75 Years Remaining in the Initial 15 Year Lease Term
  • 2017 Construction - Build-to-Suit Family Dollar
  • 8,320 SF Building | 1.23 Acre Parcel
  • Six (6) - Five (5) Year Option Periods at 10% Rent Increases
 

ABSOLUTE NNN LEASE:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses, Insurance & Pays Property Taxes Directly
 

HIGHLY UPGRADED CONSTRUCTION:

  • Upgraded Western Motif for Resort Town Style
 

PROXIMITY FROM ANGEL FIRE, NEW MEXICO:

  • Taos, NM | 24 Miles
  • Santa Fe, NM | 92 Miles
  • Durango, CO | 225 Miles
  • Denver, CO | 297 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population: 490 Residents
  • 1-Mile Average Household Income: $117,137
  • 3-Mile Population: 2,052 Residents
  • 3-Mile Average Household Income: $116,220
  • 5-Mile Population: 2,413 Residents
  • 5-Mile Average Household Income: $113,137
  • 7-Mile Population: 3,065 Residents
  • 7-Mile Average Household Income: $105,616

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