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3228 Highway 64, Waterflow, NM, 87421

Dollar General
$1,443,302

Key Information

Cap Rate
7%
$ per SF
$158
Tot. SF
9,100
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 with Limited Competition – 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 & E-Commerce Resistant 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 (2021) – Modern prototype design with minimal near-term capital expenditure risk.
• 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

Broker of Record

Brian Brockman

License # 20241, 9568 (NM)
Bang Realty-New Mexico, Inc.
2939 Vernon Place, Cincinnati, OH 45219