302 W 1st St - Freestanding FOR SALE


Dexter, NM 88230
$1,113,795 USD
512-636-9613
302 W 1st St, Dexter, NM for Sale
$1,113,795 USD
Freestanding - FOR SALE
1/1
null | 9.25% Cap Rate

302 W 1st St
Dexter, NM 88230


HIGHLIGHTS

  • Net Lease – Landlord Responsible for Roof & Structure Only
  • Corporate Guarantee – Family Dollar Stores, Inc.
  • Highly Visible Location Along W 1st Street
  • Surrounded by Key Local Businesses – Allsup's, Kenny's Market, Dexter Lumber & Hardware Co, and More
  • Convenient Access to U.S. Highway 285

OVERVIEW

The Kase Group is pleased to present the opportunity to acquire a net-leased Family Dollar located at 302 W 1st Street in Dexter, New Mexico. The property consists of an ±8,320 square foot freestanding building with excellent visibility along the town’s primary commercial corridor. Dexter serves as a local hub for surrounding rural communities, offering a steady flow of local and regional traffic. The lease is corporately guaranteed by Family Dollar Stores, Inc. and structured as a Net Lease with minimal landlord responsibilities limited to roof and structure. The current term runs through June 30, 2028, and includes five (5) additional five-year renewal options with no rental increases during the base or option periods. The property is strategically positioned near several key retailers and service providers, including Allsup's Convenience Store, Kenny's Market, Dexter Lumber & Hardware Co, Vic's Tire Repair, and Dexter Tire Services. It also offers convenient access to U.S. Highway 285, enhancing regional connectivity and visibility.

FOR SALE DETAILS

PRICE

$1,113,795 USD

PRICE/SF

$133 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net Leased Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,609 SF

ZONING

-

APN/PARCEL ID

R015589,R015667

ASK ABOUT THIS PROPERTY

Kevin CordovaThe Kase GroupMore Info
512-636-9613

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Kevin CordovaThe Kase GroupMore Info
512-636-9613

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.