Family Dollar Freestanding
For Sale
Contact for pricing
5 Frontier St, Thoreau, NM 87323
Rebuilt in 2015 with a Double Net lease and four renewal options.
Property Size9,180 SF
Price / SF$92.87
Days on Market200
Property Features for 5 Frontier St
General Information
Standard status
Active
Size
9,180 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$76,729
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Feb 12
Changed: Aug 30
Last Checked: Aug 30 at 9:05PM
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 freestanding Family Dollar store contains 9,180 SF and was rebuilt in 2015. The property has operated since July 2008 and is leased on a Double Net basis, with the tenant responsible for the HVAC system. The lease provides four 5-year renewal options, each carrying a 10% rental rate increase, and includes a corporate guarantee rated BBB.
The store is positioned along NM-371 near I-40 in Thoreau, New Mexico. Reported traffic counts are 20,010 vehicles per day on I-40 and 4,124 vehicles per day on NM-371. The property is near local schools, residential areas, and other retailers, and is located within an Opportunity Zone. The offering reflects a 9% cap rate and includes fee-simple ownership.
The store is positioned along NM-371 near I-40 in Thoreau, New Mexico. Reported traffic counts are 20,010 vehicles per day on I-40 and 4,124 vehicles per day on NM-371. The property is near local schools, residential areas, and other retailers, and is located within an Opportunity Zone. The offering reflects a 9% cap rate and includes fee-simple ownership.
Key Highlights
- 9,180 SF freestanding Family Dollar store rebuilt in 2015
- Double Net lease; tenant is responsible for the HVAC system
- Four 5‑year renewal options, each with a 10% rental rate increase
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87323, NM
4,050
Population
2,055
Households
2
Avg Household Size
34
Median Age
18%
College-Educated
75%
High-School Grad
295.2 sq mi
ZIP Area
14
Density / Sq Mi
$45,156
Median Household Income
$31,121
Median Earnings
$620
Median Rent
$102,700
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?
Grocery and convenience store - Rebuilt in 2015 with a Double Net lease and four renewal options.
Where is this grocery and convenience store located?
The property is located at 5 Frontier St Thoreau, NM.
What is the asking price?
The asking price for this property is $852,544.
What are key features of this property?
This property features: 9,180 SF freestanding Family Dollar store rebuilt in 2015; Double Net lease; tenant is responsible for the HVAC system; Four 5‑year renewal options, each with a 10% rental rate increase
