Dollar General Market | Albuquerque MSA

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1001 Salt Missions TRL
Moriarty (Albuquerque MSA), NM

Price: $1,944,000

Cap: 6.90%

NOI: $134,095

Building Size: 12,687 SF

Lot Size: 2.5 AC

Investment Highlights

15 YEAR CORPORATE NNN LEASE WITH RENT INCREASES
• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL MARKET
• The subject property is a 12,687 SF DG Market which is about 2,000 SF larger than the traditional Dollar General footprint.
• DG Market is a combo store with fresh produce, milk, meats, and other groceries added to Dollar General’s usual mix of low-price general merchandise.
• This DG Market is open and rent commenced in January 2024.

ALBUQUERQUE MSA | MOST POPULOUS CITY IN NM
• The subject property is 45 minutes southeast of downtown Albuquerque off Interstate 40 (28,294 VPD)
• Albuquerque is the most populous city in NM and is the fourth largest city in the southwest with 572,864 residents.
• The city is New Mexico’s leading economic center, accounting for half the state’s economic activity.
• The economy is highly diversified, centering on science, medicine, technology, commerce, education, media entertainment, and culture (particularly fine arts); construction, film production, and retail.
• Home to multiple academic institutions such as the University of New Mexico (25,441 Students) and Central New Mexico Community College (22,278 Students).
• Film studios have a major presence throughout New Mexico; Netflix maintains a major production hub at Albuquerque Studios.

INVESTMENT GRADE TENANT (S&P: BBB) WITH 20,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Don McMinn

678-808-2762 | EMAIL >

Andrew Koriwchak

678-808-2816 | EMAIL >

OFFERING MEMORANDUM

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