3228 Us-64 Waterflow, NM 87421
This exceptional investment opportunity presents a 9,100-square-foot Dollar General store in Waterflow, New Mexico. Built in 2021, this property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $100,776. The absolute triple-net (NNN) lease with Dollar General Corporation, a publicly traded company (NYSE: DG), provides a corporate guarantee and extends until August 30, 2036, with three, five-year renewal options, each including a 10% rent increase. Situated on a 0.97-acre lot at 3228 US-64, Waterflow, NM 87421, this location benefits from high visibility and accessibility along US Highway 64, serving as a primary retail destination for everyday goods, particularly for the nearby Navajo Nation. The property's 100% occupancy and high-quality construction further enhance its investment appeal. This is a rare chance to acquire a stable, high-performing retail asset with significant long-term growth potential. The lease commenced July 31, 2021. The property's strategic location and the tenant's financial strength make this an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.