Building Details

Building Size 9,206 SF

Year Built 2020

Buildings 1

Tenancy Single

Listing Agency: Milwaukee Office Show Phone

Listed By: Jeff Rowlett · License #WI: 74743-94, IL: 471.016866 Show Phone

Source: Marcusmillichap

Added: Apr 11 Changed: Oct 21 Last Checked: Oct 20 at 5:03PM

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Investment Insights

Based on property information with market context.

This 9,026 SF Dollar General store in Chaparral, New Mexico, has operated since October 2020. The property is subject to a 15-year absolute NNN lease, placing landlord responsibilities with the tenant under the stated lease structure. Dollar General Corporation provides the corporate guarantee and carries a BBB credit rating, identified as investment grade in the property information.

The lease includes three five-year renewal options, each with a 10% rental rate increase. The store is positioned on Jung Sun Lane, which records 3,314 cars per day, near the Patriot Freeway with reported traffic of 8,545 cars per day. The surrounding trade area has a 10-mile population of 103,891 and a 1-mile population growth rate of 8.10%. The offering includes fee simple ownership and may be considered for a 1031 exchange.

Key Highlights

• 9,026 SF Dollar General store operating since October 2020
• 15‑year absolute NNN lease with zero landlord responsibilities
• Corporate guarantee from Dollar General Corporation, rated BBB

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Electrical Service Auto Parts Store Big Box & Wholesale Store Hair Salon Nail Salon Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3,314 VPD

Traffic count

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

36

Businesses Nearby

9k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

8,796 visits/mo 0.2 miles

Demographics for 88317, NM

1,953

Population

2,983

Households

0.7

Avg Household Size

55

Median Age

28%

College-Educated

98%

High-School Grad

272.6 sq mi

ZIP Area

7

Density / Sq Mi

$72,083

Median Household Income

$42,197

Median Earnings

$922

Median Rent

$206,000

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

NNN property - Corporate-guaranteed occupancy with renewal options and scheduled rent increases supports a low-management ownership structure.

Where is this nnn property located?

The property is located at 102 Jung Sun Ln Chaparral, NM.

What is the asking price?

The asking price for this property is $1,428,000.

What are key features of this property?

This property features: 9,026 SF Dollar General store operating since October 2020; 15‑year absolute NNN lease with zero landlord responsibilities; Corporate guarantee from Dollar General Corporation, rated BBB