Cap Rate
7%
Tot. SF
9,100
3228 Highway 64, Waterflow, NM, 87421
Dollar General$1,443,300
Key Information
Year Built
2021
Term Remaining
± 10.5 Years
Type
Retail
NOI
$100,776
Highlights
- Investment-Grade Credit Tenant: Corporate-guaranteed lease from Dollar General Corp. (S&P: BBB), a publicly traded Fortune 500 company (NYSE: DG).
- Absolute NNN Lease Structure: Zero landlord responsibilities, providing truly passive ownership.
- Strong Market Position: Strategically located in a supply-constrained trade area with limited direct competition.
- Attractive Yield: Offers an above-market return relative to comparable net lease investments.
- Recession-Resilient Retailer: Dollar General’s essential, value-oriented business model has demonstrated durability across economic cycles.
- Long-Term Lease Security: Approximately ±10.5 years of remaining primary term, plus 3, five-year renewal options with 10% rental increases at each option.
- Recent Build-to-Suit Construction: Modern prototype design with minimal near-term capital expenditure risk (2021).
- Strategic Location: Situated near the Navajo Nation, one of the largest Native American reservations in the United States, serving a broad and stable consumer base.
Photos
Location
Agents
B
Brett BeersLicense # 02216560 (CA)
K
Kevin BettingerLicense # License No. 02168242 (CA)
E
Erik VogelzangLicense # License No. 01995114 (CA)
Broker of Record
Brian Brockman
License # 9568, 20241 (NM)Bang Realty-New Mexico, Inc.2939 Vernon Place, Cincinnati, OH 45219