Dollar General for Sale in Waterflow, NM
Waterflow, NM
Key Investment Metrics
Price
$1,443,300
Cap Rate
7.0%
Net Operating Income
$100,776
Building Size
9100 SF
Land Area
0.97 Acres
Remaining Term
10.1 years
Lease Expiration
08/31/2036
Lease Term
15.1 years
Lease Commencement
08/01/2021
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2021
Tenancy
Single
Rent Increases
10% Increase in Options
Property overview
Dollar General in Waterflow
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,100 SF
- Land area
- 0.97 acres
- Year built
- 2021
- Lease type
- Absolute NNN
- Lease expiration
- 08/31/2036
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.