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bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
10,566
acreage
Acreage
2.3
open houses
Open Houses
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year built
year built
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full baths
Full Baths
0
half baths
Half Baths
0
Newly Opened 10,566 sq ft Dollar General located in Melrose, NM. The lease is a true NNN lease with all the cost of ownership paid by the Tenant. This lease started December 27, 2023 with a primary term of 15 years and has 5 - 5 year options with a 5% rate increase every 5 years. The Dollar General Corporation has a "BBB" credit rating which is classified as Investment Grade and will guarantee the lease. The building is close to the intersection of highways US 60-84 and NM SR 276 and has a traffic count of 3825 cars per day. Melrose NM is a rural community with no other grocery stores within 18 miles of this location. Rent Schedule Years Annual Lease 1-5 $108,461.40 6-10 $113,884.44 11-15 $119,578.68 OPTION PERIOD 16-20 $125,557.56 21-25 $131,935.48 26-30 $138,427.30 31-35 $145,348.56 36-40 $152,616.00
Location
Subdivision -
County Curry County
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 20245378
Listing agent: Brett Johnson
Listing broker: Town & Country Real Estate (575) 762-7776
Copyright © 2024 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Sunday, November 10 2024 at 11:59 a.m. EST
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