FAMILY DOLLAR | ANGEL FIRE, NEW MEXICO
INVESTMENT SUMMARY
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
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

