15052 Nm-75Peñasco, NM 87553

This exceptional investment opportunity presents a 9,180 square foot retail property in Peñasco, New Mexico, housing a Dollar General, Dollar Tree, and Family Dollar. Built in 2010, this triple-net (NNN) leased property boasts a strong 8.35% cap rate and a substantial net operating income (NOI) of $100,394. The property sits on a 1.38-acre lot at 15052 NM-75, strategically located between Santa Fe and Taos. The current lease, with Dollar Tree (a subsidiary of Dollar General) as the tenant, commenced January 15, 2010, and expires January 31, 2031, offering a remaining lease term of 6.5 years. The lease includes five, five-year options with attractive rental increases (details available in the offering memorandum). The tenant, a credit-rated, investment-grade corporation (BBB-), demonstrates exceptional financial strength and long-term commitment, having recently exercised a lease option. The property exhibits an extremely healthy rent-to-sales ratio of 4.86%. This is a rare opportunity to acquire a well-performing, strategically located retail property with a long-term, secure lease from a financially stable, nationally recognized tenant. The property's strong performance and favorable lease terms make it an attractive investment for discerning buyers. Contact us for the offering memorandum to review the rent bump details.