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    New Dollar General Investment Property Title is generated by Realmo AI

    1266 Sumner Ave, Fort Sumner, NM 88119

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    Claim this Listing
    For Lease
    $1,866,324

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

    Type:Retail
    Added:
    Nov 21, 2025
    Days on Market:
    192
    Last Refresh:
    May 19 at 9:12 pm

    Property Features for 1266 Sumner Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Bryan Bender
    Bryan Bender

    Listing agent Bryan Bender License #BRK.200900214

    Listing office Bang Realty

    Listing date Nov 21, 2025

    Source Fortisnetlease

    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 Bang Realty

    HighLights

    • 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.
    • Fixed Rental Rate Increases: Lease includes 5% rental rate increases every 5 years, including option periods.
    • Strategic Location with High Visibility: Positioned on a corner lot with accessibility from two streets and traffic of 5,925 cars per day.
    • Ideal for 1031 Exchange or Passive Investor: Presents a straightforward investment opportunity.

    Overview

    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 Location Intelligence

    Current Use by Public Records

    Dollar general Discount Store

    Suggested Use

    Real Estate Agency Restaurant Dental Office Building Supply Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Hair Salon Auto Parts Store Pharmacy

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

    Similar Places Nearby

    • Dave's Grocery — 681 4th St, Fort Sumner, NM 88119

    Location Insight

    • Map
    • Local Demand
    City
    Fort Sumner
    County
    De Baca
    State
    New Mexico
    Longitude
    -104.231
    Latitude
    34.4672

    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 is the lease rate?
    The lease rate is $1,866,324.
    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.
    (734) 755-6359
    We can help!
    Listing Contact
    Bryan Bender
    Bryan Bender
    Real Estate License ID: BRK.200900214
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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    1266 Sumner Ave, Fort Sumner, NM 88119
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