For Sale
$1,669,000
900 Denby Ave Melrose, NM 88124
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Newly opened 10,566 SF Dollar General in Melrose, NM.
- NNN lease with tenant paying all operating expenses.
- 15-year primary term with five 5-year options; 5% rent increase every 5 years.
- Investment-grade tenant (Dollar General, BBB rating) guarantees the lease.
- High-traffic location near US 60-84 and NM SR 276 (3,825 cars/day); serves as the only grocery store within an 18-mile radius.
Property Details for 900 Denby Ave
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 10,566 SF
- Class
- A
- Year Built
- 2023
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 100,580 SF
- Units
- 1
Location Insight
- City
- Melrose
- County
- Curry
- State
- New Mexico
- Latitude
- 34.424167586676
- Longitude
- -103.62032528857
Nearby Comparable
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 900 Denby Ave Melrose, NM.
- What is the asking price?
- The asking price for this property is $1,669,000.
- What are key features of this property?
- This property features: Newly opened 10,566 SF Dollar General in Melrose, NM.; NNN lease with tenant paying all operating expenses.; 15-year primary term with five 5-year options; 5% rent increase every 5 years.
- 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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- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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