For Sale
$1,156,751

505 Hall St Hatch, NM 87937

High-Yield NNN Lease, Hatch, NM

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 9,301 square foot Dollar General store located at 505 W Hall St, Hatch, New Mexico, 87937. The property sits on a 1.36-acre lot and boasts a strong 8.25% cap rate, generating a Net Operating Income (NOI) of $95,431. Built in 2016, this single-tenant retail building is under an absolute NNN lease with Dollar General Corporation, a credit-rated, Fortune 500 company, providing significant financial stability. The lease, commenced February 21, 2016, has a remaining term of approximately 6.3 years, with three additional five-year options, each including a 10% rent increase. This presents a long-term, secure investment with substantial upside potential. The lease structure ensures minimal landlord responsibilities, making this an attractive, low-maintenance investment. The property benefits from its location in a strong market with limited competition, further enhancing its investment appeal. The tenant's e-commerce presence and recession-resistant business model add to the overall security and profitability of this offering. The asking price for this exceptional investment is $1,156,751.

Highlights

  • Investment-grade tenant: Dollar General Corporation (S&P: BBB), a Fortune 500 company.
  • Absolute NNN lease with no landlord responsibilities.
  • Strong location with limited competition.
  • 8.25% cap rate, above-average market yield.
  • Recession-resistant business model with e-commerce presence.
  • Approximately 6.5 years remaining on the lease, plus three 5-year options with 10% rent increases.

Property Details for 505 Hall St

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,301 SF
Year Built
2016
Lot Size (sq. ft)
59,242 SF

Location Insight

City
Hatch
County
Doña Ana
State
New Mexico
Latitude
32.6646562
Longitude
-107.1582216

FAQs

What type of property is this?
Retail property - High-Yield NNN Lease, Hatch, NM
Where is the retail property located?
The property is located at 505 Hall St Hatch, NM.
What is the asking price?
The asking price for this property is $1,156,751.
What are key features of this property?
This property features: Investment-grade tenant: Dollar General Corporation (S&P: BBB), a Fortune 500 company.; Absolute NNN lease with no landlord responsibilities.; Strong location with limited competition.
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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505 Hall St
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