Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

950 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Family Dollar 701 N 5th St 9,180 SF Retail Building Estancia, NM 87016 $843,917 CAD ($91.93 CAD/SF) 10% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Double Net (NN) Lease | Minimal Landlord Responsibilities
Recently Extended Primary Term Proving Commitment to the Site
3,911 VPD on 5th Street

Additional Vacant Land North of Paved Parking Lot
Located in an Opportunity Zone!
Essential Retailer | On Main Thoroughfare

Executive Summary

Fortis Net Lease is pleased to present this 9,180 SF. freestanding Family Dollar store located in Estancia, New Mexico - located in an Opportunity Zone in the Albuquerque Market! The property offers a Double Net (NN) Lease, leaving minimal landlord responsibilities. Tenant is responsible for HVAC system. The lease contains 4 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed, which holds a credit rating of “BBB”, which is classi?ed as Investment Grade. The store is currently open and has been operating successfully since July 2008.
This Family Dollar is highly visible as it is strategically positioned on 5th Street which sees 3,911 cars per day. It is conveniently located on the main thoroughfare through town, next to the High School & across the street from Estancia Municipal Airport. The 10 mile population from the site is 3,029 while the 3 mile average household income is$46,605 per year, making this location ideal for a Family Dollar. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Family Dollar. This investment will offer a new owner continued success due to the ?nancial strength and the proven pro?tability of the tenant, one of the nation’s top dollar stores. List price re?ects a 9.23% cap rate based on NOI of $59,978. Owner is a licensed New Mexico Real Estate Broker.

Family Dollar - NM - Estancia

Property Facts

Sale Type

Investment NNN

Sale Conditions

1031 Exchange

Property Type

Retail

Property Subtype

Freestanding

Building Size

9,180 SF

Building Class

Year Built

2007

Price

$843,917 CAD

Price Per SF

$91.93 CAD

Cap Rate

10%

NOI

$84,392 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.21

Lot Size

1.00 AC

Opportunity Zone

Yes

Parking

30 Spaces (3.27 Spaces per 1,000 SF Leased)

Frontage

115’ on Nm-41 Hwy

Pylon Sign

Major Tenants

Retailer
9,180 SF
$11.11 CAD
Triple Net
Jun 2028

Family Dollar est un endroit idéal pour faire du magasinage lorsqu'il s'agit de livrer qualité et valeur sur les articles essentiels de la famille dans un endroit pratique. Leurs magasins sont idéalement situés dans des quartiers, et souvent dans des « déserts alimentaires » où d'autres magasins choisissent de ne pas s'installer, offrant une option pratique et proche de chez eux où les clients peuvent acheter des produits essentiels. En installant des magasins dans des endroits où d'autres ne le veulent pas, Family Dollar améliore l'abordabilité et la disponibilité des produits essentiels. Ils font gagner du temps et de l'argent à leurs clients et les aident à faire plus, même avec un budget serré. Leurs magasins Family Dollar se concentrent sur la fourniture d'articles essentiels pour la famille à un rapport qualité-prix supérieur. Ils offrent des marques nationales à prix compétitifs provenant de grands fabricants ainsi que des marques privées de valeur équivalente et à prix inférieur. Leurs allées sont pleines de nourriture et de boissons, de produits en papier, de fournitures de santé et de beauté, d'aliments pour animaux de compagnie, de produits pour la maison, de vêtements et d'accessoires, etc.