3228 Us-64Waterflow, NM 87421

For Sale
$1,440,000
High-Yield NNN Retail Property in NM

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 9,100-square-foot Dollar General store in Waterflow, New Mexico. Built in 2021, this property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $100,776. The absolute triple-net (NNN) lease with Dollar General Corporation, a publicly traded company (NYSE: DG), provides a corporate guarantee and extends until August 30, 2036, with three, five-year renewal options, each including a 10% rent increase. Situated on a 0.97-acre lot at 3228 US-64, Waterflow, NM 87421, this location benefits from high visibility and accessibility along US Highway 64, serving as a primary retail destination for everyday goods, particularly for the nearby Navajo Nation. The property's 100% occupancy and high-quality construction further enhance its investment appeal. This is a rare chance to acquire a stable, high-performing retail asset with significant long-term growth potential. The lease commenced July 31, 2021. The property's strategic location and the tenant's financial strength make this an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio.

Highlights

  • Absolute Triple-Net (NNN) lease with approximately 12 years remaining.
  • Three, five-year renewal options with 10% rent increases each.
  • High-quality construction completed in 2021.
  • Excellent location serving as a primary retailer for the nearby Navajo Nation.
  • Dollar General's strong performance, with 2023 net sales of $38.7 billion.
  • Conveniently located on US Highway 64, providing direct access to Farmington.

Property Details for 3228 Us-64

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,100 SF
Year Built
2021
Lot Size (sq. ft)
42,253 SF

Location Insight

City
Waterflow
County
San Juan
State
New Mexico
Latitude
36.753723
Longitude
-108.525875
3228 Us-64, Waterflow, New Mexico

FAQs

What type of property is this?
Retail property - High-Yield NNN Retail Property in NM
Where is the retail property located?
The property is located at 3228 Us-64 Waterflow, NM.
What is the asking price?
The asking price for this property is $1,440,000.
What are key features of this property?
This property features: Absolute Triple-Net (NNN) lease with approximately 12 years remaining.; Three, five-year renewal options with 10% rent increases each.; High-quality construction completed in 2021.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3228 Us-64
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