FAMILY DOLLAR | VADO, NEW MEXICO

Purchase Price
$665,500
Location
106 Vado Road
Cap Rate
10.00%
Annual Rent
$66.00
Building Size
8,000 SF
Land Area
1.46 Acres
Ownership
Fee Simple
Lease Type
NN+
Term Remainning
2 Years
LEASE EXPIRATION
6/30/2022
Renewal Options
Two (2) - Five (5) Year
RENT INCREASES
At Options
Parking
34 Spaces
Year Built
2002
APN
4-014-148-024-281
Traffic Counts
9,400 VPD

INVESTMENT HIGHLIGHTS

 

FAMILY DOLLAR CORPORATE GUARANTEED LEASE:

  • 2 Years Remaining in the Current Lease Term
  • Two (2) - Five (5) Year Options with a 21% Rent Increase in Option 1 & a 10% Rent Increase in Option 2
 

NN+ LEASE | MINIMAL LANDLORD RESPONSIBILITIES:

  • Landlord Responsibilities Limited to Structural Portions of the Building
  • Tenant is Responsible for Maintaining, Repairing & Replacement of HVAC Units
  • Tenant is Responsible for Patching, Resealing, Restriping & Resurfacing the Parking Areas
  • Tenant is Responsible for Repairs to the Roof Covering
  • Tenant Pays Property Taxes Directly to Taxing Authority
 

LOCATION:

  • Located at the Corner of Vado Road & New Mexico State Highway 478
  • Traffic Counts of Approximately 9,400 Vehicles per Day on Vado Road
  • Vado is Located in Dona Ana County
 

PROXIMITY TO OTHER CITIES:

  • Las Cruces, New Mexico | 17 Miles
  • El Paso, Texas | 29 Miles
  • Carlsbad, New Mexico | 193 Miles
  • Albuquerque, New Mexico | 239 Miles
  • Tucson, Arizona | 294 Miles
  • Santa Fe, New Mexico | 301 Miles
  • Midland, Texas | 332 Miles
 

TENANT:

  • Dollar Tree, Inc. (NASDAQ: DLTR) Features Investment Grade Credit (BBB-) by Standard & Poor's
  • 15,370 Stores Across 48 States and Five Canadian Provinces as of May 2, 2020
  • Ranked #135 on Fortune 500 List

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