Family Dollar NNN
For Lease
$563,581
701 5th St, Estancia, NM 87016
Freestanding retail facility leased under a double-net structure with multiple renewal options and scheduled rent increases.
Space SizeContact for details
Property Size9,180 SF
Days on Market105
Property Features for 701 5th St
General Information
Standard status
Active
Size
9,180 SF
Property subtype
Retail
Net Operating Income
$61,994
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
2007
Building Size
9,180 SF
Abandoned
No
Listing Agency:
Fortis Net Lease
Listed By:
Bryan Bender · License #6501319610
(734) 755-6359
Source:
Fortisnetlease
Added: Jul 3
Changed: Oct 15
Last Checked: Oct 14 at 7:52PM
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
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Investment Insights
Based on property information with market context.
The property is a 9,180-square-foot freestanding Family Dollar store constructed in 2007. The location has operated since July 2008 and is currently open. The lease is structured as double net, with the corporate obligation guaranteed by Dollar Tree Stores, Inc., which carries a BBB- credit rating.
Five years remain in the primary lease term following a recent five-year extension. The agreement includes four additional five-year renewal options, each providing a 10% rental increase. Situated at 701 5th St in Estancia, the store is positioned on a main thoroughfare adjacent to Estancia High School and records 3,911 VPD on 5th Street. The property is within an Opportunity Zone in the Albuquerque Market area.
Five years remain in the primary lease term following a recent five-year extension. The agreement includes four additional five-year renewal options, each providing a 10% rental increase. Situated at 701 5th St in Estancia, the store is positioned on a main thoroughfare adjacent to Estancia High School and records 3,911 VPD on 5th Street. The property is within an Opportunity Zone in the Albuquerque Market area.
Key Highlights
- 9,180‑square‑foot freestanding Family Dollar store built in 2007
- Double‑net lease with five years remaining in the primary term
- Four five‑year renewal options with 10% increases at each option
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 87016, NM
3,091
Population
1,390
Households
2.2
Avg Household Size
44
Median Age
11%
College-Educated
90%
High-School Grad
582.6 sq mi
ZIP Area
5
Density / Sq Mi
$44,129
Median Household Income
$30,879
Median Earnings
$823
Median Rent
$117,400
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - Freestanding retail facility leased under a double-net structure with multiple renewal options and scheduled rent increases.
Where is this nnn property located?
The property is located at 701 5th St Estancia, NM.
What is the lease rate?
The lease rate is $563,581.
What are key features of this property?
This property features: 9,180‑square‑foot freestanding Family Dollar store built in 2007; Double‑net lease with five years remaining in the primary term; Four five‑year renewal options with 10% increases at each option
