Dollar General Absolute NNN
For Sale
Contact for pricing
102 Jung Sun Ln, Chaparral, NM 88081
Corporate-guaranteed occupancy with renewal options and scheduled rent increases supports a low-management ownership structure.
Property Size9,026 SF
Days on Market144
Property Features for 102 Jung Sun Ln
General Information
Standard status
Active
Size
9,026 SF
Property subtype
Retail
Net Operating Income
$97,068
Additional Details
Cap Rate
5.15%
Traffic Count
3,314 vehicles/day
Building Details
Year Built
2020
Buildings
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 8:11PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This 9,026 SF Dollar General store in Chaparral, New Mexico, has operated since October 2020. The property is subject to a 15-year absolute NNN lease, placing landlord responsibilities with the tenant under the stated lease structure. Dollar General Corporation provides the corporate guarantee and carries a BBB credit rating, identified as investment grade in the property information.
The lease includes three five-year renewal options, each with a 10% rental rate increase. The store is positioned on Jung Sun Lane, which records 3,314 cars per day, near the Patriot Freeway with reported traffic of 8,545 cars per day. The surrounding trade area has a 10-mile population of 103,891 and a 1-mile population growth rate of 8.10%. The offering includes fee simple ownership and may be considered for a 1031 exchange.
The lease includes three five-year renewal options, each with a 10% rental rate increase. The store is positioned on Jung Sun Lane, which records 3,314 cars per day, near the Patriot Freeway with reported traffic of 8,545 cars per day. The surrounding trade area has a 10-mile population of 103,891 and a 1-mile population growth rate of 8.10%. The offering includes fee simple ownership and may be considered for a 1031 exchange.
Key Highlights
- 9,026 SF Dollar General store operating since October 2020
- 15‑year absolute NNN lease with zero landlord responsibilities
- Corporate guarantee from Dollar General Corporation, rated BBB
Property Analytics
Property Profile
Current Use
Lease Details
3,314 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,796 visits/mo
0.2 miles
Demographics for 88081, NM
18,079
Population
5,914
Households
3.1
Avg Household Size
33
Median Age
9%
College-Educated
66%
High-School Grad
376.8 sq mi
ZIP Area
48
Density / Sq Mi
$46,102
Median Household Income
$27,848
Median Earnings
$874
Median Rent
$101,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed occupancy with renewal options and scheduled rent increases supports a low-management ownership structure.
Where is this nnn property located?
The property is located at 102 Jung Sun Ln Chaparral, NM.
What are key features of this property?
This property features: 9,026 SF Dollar General store operating since October 2020; 15‑year absolute NNN lease with zero landlord responsibilities; Corporate guarantee from Dollar General Corporation, rated BBB
