505 Hall St Hatch, NM 87937
- Retail properties
- 9,301 SF
- 1.36 lot acres
Current Use by Public Records
- Retail properties
Property Details for 505 Hall St
- Year built
- 2016
- Lot size
- 1.36 lot acres
- Property size
- 9,301 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 9,301 square foot Dollar General store located at 505 W Hall St, Hatch, New Mexico, 87937. The property sits on a 1.36-acre lot and boasts a strong 8.25% cap rate, generating a Net Operating Income (NOI) of $95,431. Built in 2016, this single-tenant retail building is under an absolute NNN lease with Dollar General Corporation, a credit-rated, Fortune 500 company, providing significant financial stability. The lease, commenced February 21, 2016, has a remaining term of approximately 6.3 years, with three additional five-year options, each including a 10% rent increase. This presents a long-term, secure investment with substantial upside potential. The lease structure ensures minimal landlord responsibilities, making this an attractive, low-maintenance investment. The property benefits from its location in a strong market with limited competition, further enhancing its investment appeal. The tenant's e-commerce presence and recession-resistant business model add to the overall security and profitability of this offering. The asking price for this exceptional investment is $1,156,751.
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
- Hatch
- County
- Doña Ana
- State
- New Mexico
- Longitude
- -107.158
- Latitude
- 32.6647
