Freestanding Family Dollar
For Sale
Contact for pricing
705 5th Street, Estancia, NM 87016
Freestanding Family Dollar property with a double-net lease structure and low landlord responsibility.
Property Size9,180 SF
Price / SF$61.39
Days on Market53
Property Features for 705 5th Street
General Information
Standard status
Active
Size
9,180 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$61,994
Financials
Cap Rate
11%
Opportunity Zone
Yes
Additional Details
Traffic Count
3,911 vehicles/day
Building Details
Year Built
2007
Buildings
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Jul 2
Changed: Aug 17
Last Checked: Aug 23 at 3:58AM
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 offers 9,180 SF of retail space and is currently open and operating. The investment is presented as a double net (NN) lease, which leaves minimal landlord responsibilities. Tenant responsibility includes the HVAC system. The lease is corporately guaranteed, and the guarantor is identified with a “BBB” credit rating described as investment grade. The lease includes four (5-year) renewal options with a 10% rental rate increase per option.
The property is located on 5th Street in Estancia, New Mexico, positioned for visibility along a main thoroughfare through town. The offering notes traffic of 3,911 cars per day on 5th Street. It is located next to the high school and across the street from Estancia Municipal Airport.
For tenants, the building supports a proven discount retail format with a long-operating, in-place operation. For buyers and passive investors, the structure combines a double-net framework with a corporately guaranteed lease, supporting fee simple ownership of the leased retail asset. The listing is also described as suitable for a 1031 exchange buyer.
The property is located on 5th Street in Estancia, New Mexico, positioned for visibility along a main thoroughfare through town. The offering notes traffic of 3,911 cars per day on 5th Street. It is located next to the high school and across the street from Estancia Municipal Airport.
For tenants, the building supports a proven discount retail format with a long-operating, in-place operation. For buyers and passive investors, the structure combines a double-net framework with a corporately guaranteed lease, supporting fee simple ownership of the leased retail asset. The listing is also described as suitable for a 1031 exchange buyer.
Key Highlights
- 9,180 SF freestanding Family Dollar store built in 2007 in Estancia, New Mexico
- Double net (NN) lease structure with tenant responsible for the HVAC system
- Lease includes 4 (5‑year) renewal options with 10% rental increases; corporately guaranteed tenant with BBB credit rating
Property Analytics
Property Profile
Current Use
Lease Details
3,911 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Well-served
Demand for This Use
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
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 - Freestanding Family Dollar property with a double-net lease structure and low landlord responsibility.
Where is this grocery and convenience store located?
The property is located at 705 5th Street Estancia, NM.
What is the asking price?
The asking price for this property is $563,581.
What are key features of this property?
This property features: 9,180 SF freestanding Family Dollar store built in 2007 in Estancia, New Mexico; Double net (NN) lease structure with tenant responsible for the HVAC system; Lease includes 4 (5‑year) renewal options with 10% rental increases; corporately guaranteed tenant with BBB credit rating
