401 1St St, Clayton, NM 88415
2 Retail Properties Offered at $2,577,668 in Multiple Locations
For Sale
Active
Asking Price $2,577,668
- Property Type
-
Retail
- Square Feet
- 24,640 SF
Listing Contacts
Spencer Tyoran
Conrad Sarreal
Property Overview
We're excited to reintroduce the Family Dollar Portfolio to you, now at an even more attractive price point following a recent adjustment. The Family Dollars are located in Clayton and Mora, New Mexico. Both stores recently had their first option period exercised, resulting in a 10% increase in NOI coupled with a fresh 5 years of lease term. The commitment from Family Dollar to uphold these locations underscores their confidence in the long-term viability of these stores. Positioned as established locations, these stores play a vital role in fulfilling the essential needs of the community. We're thrilled to present this portfolio featuring a blended Cap Rate of 7.87%. Great investment opportunity for investors looking to secure stable returns in already established locations. Price: $2,702,043
Highlights
- Family Dollar’s unwavering commitment to this site is underscored by their recent exercise of the first of four five-year extension period
- Enjoying a market monopoly, this Family Dollar property stands as the sole contender within an 82-mile radius in New Mexico
- Family Dollar’s recent exercise of the first of four five-year extension periods solidifies their enduring commitment to this property
- Boasting zero competition within a 32-mile radius to the north and 30 miles to the south
All available spaces
- Space
- Family Dollar
- Size
- 16,320 SF
- Price
- $2,577,668
- Space Subtype
- Retail
- Space
- Family Dollar
- Size
- 8,320 SF
- Space Subtype
- Retail
Nearby Properties
Similar Properties
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