2341 Main St Los Lunas, NM 87031

This exceptional investment opportunity presents a 13,500-square-foot Dollar Tree store located at 2341 Main St NE, Los Lunas, NM 87031. The property, built in 1990 and renovated in 2020, sits on a 67,954-square-foot lot and boasts 50 parking spaces. Currently operating under a Net Lease (NN) agreement with a corporate guarantee, the tenant enjoys a strong presence in a thriving retail corridor. The lease, expiring March 24, 2030, offers a remaining term of 5.3 years with two 5-year options. Rent increases by $0.50 per square foot every five years, providing a built-in hedge against inflation. The property's strategic location within an Albertsons-anchored shopping center, coupled with excellent visibility from Highway 47 and Main Street (traffic exceeding 40,000 cars daily), ensures high foot traffic. The surrounding area features a robust mix of national retailers, including Ross, Big 5, Smith's, and more. Los Lunas itself is a rapidly growing community, with over 42,700 residents within a five-mile radius and an average household income of $74,248. The property's strong financials include a current NOI of $111,375 and a pro-forma NOI of $118,125, resulting in a 6.5% cap rate and a pro-forma cap rate of 6.89%. The asking price is $1,713,462, translating to $126.92 per square foot. The property is zoned C and benefits from a prime location adjacent to a top-performing Albertsons supermarket. This is a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential.