4651 Butler AveFarmington, NM 87401
- Retail properties
- 10,640 SF
Property Details for 4651 Butler Ave
- Year built
- 2024
- Lot size
- 1.70 AC
- Property size (Sq ft)
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a brand-new, 10,640 square foot Dollar General store located at 4651 N Butler Ave, Farmington, NM 87401. Built in 2024, this single-tenant, net-lease property sits on a 1.7-acre lot and boasts a 15-year lease with five 5-year options, expiring October 30, 2039. The lease includes attractive 5% rent bumps every 5 years, ensuring consistent income growth. The property offers a compelling 6.50% cap rate and a price per square foot of $213.82, totaling an asking price of $2,275,000. This large-format "Plus" store design serves a substantial 5-mile population of 47,852. The investment-grade tenant, Dollar General, is rated "BBB," providing significant financial stability. This is a truly passive investment opportunity with no landlord responsibilities. The property's strong tenant, long-term lease, and built-in rent increases make it an ideal addition to any portfolio. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset in a growing market.
Location Insight
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Latitude
- 36.7697
- Longitude
- -108.186
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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