Dollar Tree

Taos, NM

Price $1,662,000
Cap Rate 6.50%
TYPE Single-Tenant
STATUS Available
Tenant Dollar Tree, Inc.
LEASE TYPE NN
SQUARE FEET 9,000
PRICE/SQ FT $184
YEAR BUILT 2016
LEASE EXP. 2026
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com

Property Description

Corporate Dollar Tree is a free-standing retail building with over 9 years remaining on an initial 10 year NN Lease. The subject location has brand new construction, just built in 2016, and has two 5 year renewal options with a $1 PSF increase every 5 years. Dollar Tree is a national discount retailer with over 14,300 stores operating in 48 states, D.C., and 5 Canadian provinces and is positively rated on both S&P and Moody’s (S&P: BB+ | Moody’s: Ba1).

The subject property is located in Taos, New Mexico, and situated on a hard corner adjacent to Albertson’s Market, Family Dollar and Bealls. Other nearby retailers include: Walmart, Aaron’s, NAPA Auto Parts, Sears Hometown Store & AutoZone. Dollar Tree is also situated just miles from the University of New Mexico – Taos and the Holy Cross Hospital.

*In Association With: Richard Hanna | Hanna Commercial, LLC | License #9158

Property Highlights

  • 9+ Years Remaining on Initial 10 Year NN Lease
  • Dollar Tree, Inc. Credit Ratings: S&P BB+ | Moody’s Ba1
  • Located Nearby the University of New Mexico - Taos & Holy Cross Hospital
  • Tenant: Corporate Dollar Tree - Operates Over 14,300 Stores in 48 States, D.C., & 5 Canadian Provinces
  • Situated on a Hard Corner Adjacent to Albertson’s Market, Family Dollar & Bealls | Traffic Counts of 26,000 CPD!
  • Demographics (10 Mile Ring): Total Population: 22,744 | Average Household Income: $56,720