5160 Prince St - Retail FOR SALE


Clovis, NM 88101
$1,845,549 USD
734-755-6359
5160 Prince St, Clovis, NM for Sale
$1,845,549 USD
Retail - FOR SALE
1/3
null | 6.65% Cap Rate

5160 Prince St
Clovis, NM 88101


HIGHLIGHTS

  • Zero Landlord Responsibilities
  • 5% Rental Rate Increases Every 5 Years!
  • Now Open | August 2024
  • 5 Mile Population 37,035
  • 4,552 Cars Per Day | Corner Location
  • Dollar General Corporate Guaranty

OVERVIEW

Fortis Net Lease is pleased to present this 2024 BTS 10,640 SF. Dollar General Plus store located in Clovis, New Mexico. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has completed construction and successfully opened for business in August 2024. This Dollar General is highly visible as it is strategically positioned on the corner of Curry Road 14 & Highway 209 seeing 4,552 cars per day. The 5 mile population from the site is 37,035 and the 3 mile average household income is $72,265 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.65% cap rate based on NOI of $122,729.00. Instate Broker of Record: Brian Brockman | Bang Realty

FOR SALE DETAILS

PRICE

$1,845,549 USD

PRICE/SF

$173 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - Clovis, NM

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

3.34 AC

LAND SF

145,490 SF

ZONING

Commercial

APN/PARCEL ID

121101451350200

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

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