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1266 Sumner Ave Fort Sumner, NM 88119

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For Lease
$1,866,324

New Dollar General in Fort Sumner, NM with long-term lease.

Building Details

Year built
2024

Source: Bryan Bender Agent Bryan Bender

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

New Dollar General Investment Property

This newly constructed Dollar General Plus store, built in 2024, is located in Fort Sumner, New Mexico. The property features a 10,640 square foot building and is secured with a 15-year absolute NNN lease, leaving zero landlord responsibilities. The lease includes 5% rental rate increases every 5 years, including at each of the five 5-year renewal options. The lease is corporately guaranteed by Dollar General Corporation, which holds an investment-grade credit rating of "BBB". The store opened in June 2024. The property is positioned on the corner of Avenue G & 16th Street, just off Highway 60, with high visibility and traffic of 5,925 cars per day. It is easily accessible from both streets with two points of ingress/egress. The surrounding area has a 10-mile population of 1,322 and a 3-mile average household income of $45,457. The property offers an ideal opportunity for a 1031 exchange buyer or a passive investor to attain fee simple ownership of Dollar General. The investment offers continued success due to the financial strength and proven profitability of the tenant.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Dollar general Dollar Store

Suggested Use

Realty agency Restaurant Dental Office Building Supply Spa & Massage Auto Repair Shop Wholesale Shop Hair Salon Auto Parts Store Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Dave's Grocery

Location Insight

  • Map
  • Local Demand
City
Fort Sumner
County
De Baca
State
New Mexico
Longitude
-104.2307881
Latitude
34.4671639

FAQs

What type of property is this?
Grocery and convenience store - New Dollar General in Fort Sumner, NM with long-term lease.
Where is this grocery and convenience store located?
The property is located at 1266 Sumner Ave Fort Sumner, NM.
What are key features of this property?
This property features: - 15-Year Absolute NNN Lease with Zero Landlord Responsibilities: Enjoy a completely passive investment.; - Investment Grade Tenant (Dollar General with "BBB" Credit Rating): Offers a secure and reliable income stream.; - New 2024 Build-to-Suit (BTS) Dollar General Plus Store: Minimizes potential maintenance costs.
More about this property
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