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    387 Blair St Columbus, NM

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    For Sale
    $1,387,200

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

    Property size:
    10,640 SF
    Lot size:
    1.42 Acres

    Property Features for 387 Blair St

    General Information

    Size
    10,640 SF
    Lot size
    1.42 Acres

    Source: Trinity Real Estate Investment Services - Corporate Agent Branson Blackburn

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

    Overview

    New Development Dollar General

    This property features a newly developed Dollar General in Columbus, NM. The lease commenced in March 2022 and has over 12 years remaining. Constructed as a larger "Plus" size prototype, the building encompasses 10,640 square feet, designed to accommodate higher projected sales. The lease is absolute NNN, requiring zero landlord responsibilities. The tenant, Dollar General, is an investment-grade tenant with an S&P credit rating of BBB. Limited local retail competition exists, with the closest dollar store being over 3 miles away.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Columbus
    County
    Luna
    State
    New Mexico
    Longitude
    -107.6400232
    Latitude
    31.8276002

    Nearby Similar for Sale

    • $950,000
      12,000 SF

      Columbus NM Mixed-Use Property

      5.33-acre commercial property with five buildings and ample space.
      855 W Plata Ave, Columbus, NM 88029
      View Details

    FAQs

    What type of property is this?
    Specialty property - New Dollar General in Columbus, NM with long-term lease.
    Where is this specialty property located?
    The property is located at 387 Blair St Columbus, NM.
    What is the asking price?
    The asking price for this property is $1,387,200.
    What are key features of this property?
    This property features: - New development Dollar General with 12+ years remaining on lease; - Absolute NNN lease requiring zero landlord responsibilities; - Investment grade tenant with an S&P credit rating of BBB
    (817) 304-8916
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    387 Blair St Columbus, NM
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