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3228 US-64
Waterflow, NM 87421

$1,443,302 USD

Freestanding For Sale  •  9,100 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 9,100 SF
  • Lot Size 0.97 AC
  • Building Class C
  • Year Built 2021
  • Cap Rate 7.00 %
  • Tenancy Single
10 Walk Score

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
Long-Term Lease Security – Approximately ±10.5 years of remaining primary term, plus 3, five-year renewal options with 10% rental increases
Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Dollar General

Amenities

  • Signage
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Kevin Bettinger 310-579-9692 Matthews Real Estate Investment Services
Kevin Bettinger 310-579-9692 Matthews Real Estate Investment Services