3228 Us-64 Waterflow, NM 87421
- Retail properties
- 9,100 SF
- 0.97 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3228 Us-64
- Year built
- 2021
- Lot size
- 0.97 lot acres
- Property size
- 9,100 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterflow
- County
- San Juan
- State
- New Mexico
- Longitude
- -108.526
- Latitude
- 36.7537
