505 Hall StHatch, NM 87937

Property Details for 505 Hall St

Year built

2016

Lot size

1.36 AC

Property size (Sq ft)

9,301 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

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.

Location Insight

City

Hatch

County

Doña Ana

State

New Mexico

Latitude

32.6647

Longitude

-107.158

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