Dollar General NNN
For Sale
$2,110,536
311 N 1st St, Clayton, NM 88415
Absolute NNN lease structure assigns taxes, insurance, and maintenance responsibilities to the tenant.
Property Size12,072 SF
Lot Size1.01 Acres
Price / SF$174.83
Days on Market46
Property Features for 311 N 1st St
General Information
Standard status
Active
Size
12,072 SF
Lot size
1.01 Acres
Property subtype
Discount
Occupancy
100%
Lease Type
Absolute Net
Financials
Asking Price
$2,110,526
Cap Rate
7%
Amenities
Rent bumps in Primary Term
Brand NEW2023 Construction
Stong Corner
Corporate Guaranteed Lease
Absolute NNN — Zero Landlord Responsibilities
Attractive Going-In Yield with Upside in 2028 Renewal
Building Details
Building Size
12,072 SF
Year Built
2023
Buildings
1
Tenancy
Single
Listing Agency:
Salt Lake City Office
(801) 736-2621
Listed By:
Austin Williams · License #License(s): UT: 11054719-SA00
(801) 736-2621
Source:
Marcusmillichap
Added: Jul 17
Changed: Aug 30
Last Checked: Aug 30 at 5:08PM
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 Salt Lake City Office
Investment Insights
Based on property information with market context.
This fee-simple property at 311 N 1st St in Clayton, New Mexico, features a 2023-built Dollar General facility on approximately 1.01 acres. The lease is structured as absolute NNN, with the tenant responsible for property taxes, insurance, and maintenance, leaving no landlord obligations under the stated terms.
The initial lease term is 15 years, with approximately 11.5 years remaining in the primary term. Five additional five-year renewal options are included, with rent scheduled to increase by approximately 10% at each option period. Dollar General Corporation provides the lease guarantee, supporting the contractual structure with a national corporate guarantor.
The initial lease term is 15 years, with approximately 11.5 years remaining in the primary term. Five additional five-year renewal options are included, with rent scheduled to increase by approximately 10% at each option period. Dollar General Corporation provides the lease guarantee, supporting the contractual structure with a national corporate guarantor.
Key Highlights
- 2023 construction on approximately 1.01 acres
- Absolute NNN lease with zero landlord responsibilities
- 15‑year initial lease term with approximately 11.5 years remaining
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Dining 21%
Allsups
Shops & Services
7,560 visits/mo
0.2 miles
Pizza Hut
Dining
3,372 visits/mo
0.3 miles
Family Dollar
Shops & Services
3,305 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
874 visits/mo
0.1 miles
Carquest Auto Parts - McClures Big J Auto Parts
Shops & Services
496 visits/mo
0.2 miles
Demographics for 88415, NM
3,194
Population
1,524
Households
2.1
Avg Household Size
43
Median Age
18%
College-Educated
89%
High-School Grad
1,369.3 sq mi
ZIP Area
2
Density / Sq Mi
$45,665
Median Household Income
$31,518
Median Earnings
$655
Median Rent
$129,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN lease structure assigns taxes, insurance, and maintenance responsibilities to the tenant.
Where is this nnn property located?
The property is located at 311 N 1st St Clayton, NM.
What is the asking price?
The asking price for this property is $2,110,536.
What are key features of this property?
This property features: 2023 construction on approximately 1.01 acres; Absolute NNN lease with zero landlord responsibilities; 15‑year initial lease term with approximately 11.5 years remaining
