300 Hermosa Drive Chaparral, NM 88081
Long-term Family Dollar lease with corporate guaranty.
Type:Retail
Property size:
10,000 SFPrice / SF:
$77/SF- Added:
- Nov 21, 2025
- Days on Market:
- 160
- Last Refresh:
- Apr 6 at 12:08 am
Property Features for 300 Hermosa Drive
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2001
Listing agent David De Maagd, CPA, MBA (616) 399-3955
Listing office (616) 399-3955
Listing date Nov 21, 2025
Source Svn
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of David De Maagd, CPA, MBA
Overview
Family Dollar Investment Opportunity
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Chaparral
- County
- Dona Ana
- State
- New Mexico
- Longitude
- -106.411
- Latitude
- 32.0169
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Long-term Family Dollar lease with corporate guaranty.
Where is this storefront property located?
The property is located at 300 Hermosa Drive Chaparral, NM.
What is the asking price?
The asking price for this property is $772,000.
What are key features of this property?
This property features: 10.0% Cap Rate; Investment Grade Long Term Tenant (23 years); NN+ Lease with Limited Landlord Responsibilities (Roof & Structure)
