3228 U.S. 64
Waterflow, NM
Price:
$1,439,657
Cap Rate:
7.00%
NOI:
$100,776
Building Size:
Approx. 9,100 Sq. Ft.
Lot Size:
Approx. 0.97 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2021
Investment Overview
- 2021 Construction. 9,100+/- SF Building on 0.97+/- Acre Site
- 13 Years of Term Remaining on a Complete NNN Lease with 10% Rental Increases in Option Periods With (3) 5-Year Options to Renew
- Subject Property is Located Directly off US Hwy 64, Which Has 15,000+ VPD and is the City’s Primary Traffic Corridor
- The Store is Strategically Situated Near Navajo Nation & is the First Private Land & Services Available as You Travel East of the Reservation
- The Site is Located 20 Miles South of Mesa Verde National Park in Colorado, the Largest Archaeological Preserve in the U.S.
- Dollar General Added More Than 1,100 Stores in 2022 & Plans to Build 1,050 More in 2023
- Waterflow | 15 Miles From Farmington, NM, “The Retail Hub of the Four Corners Region | Population: 120,485+