300 Hermosa Dr Chaparral, NM 88081

This 10,000 square foot property is leased to Family Dollar, a long-standing tenant of 23 years, with approximately 3 years of lease term remaining at a 10.0% cap rate. The lease is structured as NN+, with limited landlord responsibilities covering only the roof and structure. The tenant is responsible for direct payment of taxes and reimbursement of property insurance. Additionally, the tenant directly manages HVAC, lighting, parking (including striping and resurfacing), and outside maintenance. The property benefits from its location next to a primary supermarket, Autozone, and a gas/convenience center. The lease includes a provision for annual sales reporting to the landlord. Located in Chaparral, New Mexico, a neighboring community of El Paso, Texas, and part of the Las Cruces MSA, the property is situated approximately 3 miles from the Texas border and near military installations such as White Sands Missile Range and Fort Bliss. Demographics within a 5-mile radius include over 20,000 residents and an average household income exceeding $50,000. The property's size allows for multiple configurations.