Dollar General - Clovis, NM 5160 Prince St 10,640 SF Retail Building Clovis, NM 88101 $2,576,239 CAD ($242.13 CAD/SF) 6.65% Cap Rate

Fortis Net Lease is pleased to present this 2024 BTS 10,640 SF. Dollar General Plus store located in Clovis, New Mexico. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has completed construction and successfully opened for business in August 2024.
This Dollar General is highly visible as it is strategically positioned on the corner of Curry Road 14 & Highway 209 seeing 4,552 cars per day. The 5 mile population from the site is 37,035 and the 3 mile average household income is $72,265 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.65% cap rate based on NOI of $122,729.00.
Instate Broker of Record: Brian Brockman | Bang Realty