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