Lovington Retail for Sale
Marcus & Millichap is pleased to present the exclusive offering of a Dollar Tree located in Lovington, New Mexico. The property is secured by a new 10-year double-net (NN) lease through 2036, following the tenant’s early renewal of two five-year option periods, demonstrating Dollar Tree’s long-term commitment to the site. The tenant has operated at this location since 2013, highlighting strong occupancy history and performance.
The property features a new 20-year roof with warranty, ample parking, and excellent visibility and access along the city’s main retail corridor, West Avenue D. The corridor is anchored by a diverse mix of national retailers, including Bealls, Verizon, AutoZone, and O’Reilly Auto Parts, as well as popular quick-service restaurants. Nearby educational institutions—including local high school, middle school, and elementary schools serving more than 2,300 students—contribute to strong daily traffic and retail synergy.
Additionally, the property offers significant upside potential through the lease-up of a vacant 10,100-square-foot portion of the building, which could yield a pro forma capitalization rate in the 11–12 percent range (see Comps A and B). As the county seat of Lea County, Lovington serves as the area’s administrative and legal hub, providing a stable economic base and consistent foot traffic. This offering represents a secure, income-producing investment with a national credit tenant and compelling value-add opportunity through the activation of additional leasable area.
