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Off Market
1/3

506 W Highway 66
Milan, NM 87021


OVERVIEW

INVESTMENT HIGHLIGHTS: Strong Location – Situated on Historic Route 66, one of the most famous roads in the United States, drawing tourists from all over the world Extremely Strong Tenant – Dollar General Corporation reported a 9.18% increase in revenue from 2018 and a Market Cap of $41.4 Billion. DG (NYSE) stock price has grown 600% since its IPO in 2009 Absolute NNN Lease – the tenant is responsible for all operating expenses of the property including repair of the roof and structure, providing an investor passive income and no management responsibility Rare Rent Increase – The lease calls for a 3.00% rent increase on 11/1/2021, providing for a hedge against inflation. Additionally, there are 10% rent increases in each of the option periods Dollar General holds a strong investment-grade credit rating of BBB and is the market leader in dollar stores with roughly 15,000 locations nationwide Dollar General recently formed a strategic partnership with FedEx and Western Union: the partnership will encourage a more diverse customer base, of which they believe will stick around and shop

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

9026

STORIES

1

YEAR BUILT

2011

SPRINKLERS

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PARKING SPACES

18

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

R22387