Cap Rate
7.25%
$ per SF
$179
101 Herdner Rd, Taos, NM, 87571
Dollar Tree$1,613,793
Key Information
Tot. SF
9,000
Lot Size
1.59 Acres
Year Built
2015
Term Remaining
±5.37 YRS
Type
Retail
Highlights
- Corporately Guaranteed Lease – Investment Grade Credit Rating
- Dollar Tree was deemed an “essential retailer” during the COVID-19 Pandemic
- Average household Income within a 5-mile radius is estimated at $75,929
- High Traffic Counts – sees daily traffic counts of ±20,192 VPD
- Tenant Commitment – Tenant has operated here for over 10 years (exercised their first option early without a rent concession), demonstrating their commitment to the location
- Familiar Net Lease Tenants Within One Mile of the Store: Starbucks, Walmart, Wendy’s AutoZone Auto Parts, T-Mobile, KFC, Taco Bell, Speedway, Maverik, NAPA Auto Parts, Verizon, Sonic, Big-O Tires, etc.
- Rare $1 per SF rental increases during the option periods
- Strong Tourism-Driven Economy – Taos is a well-known hub for skiing with attractions such as Taos Ski Valley and the historic downtown and Taos Plaza attracts boutique shoppers
Photos
Location
Agents
G
Gannon EthingtonLicense # 373272 (TN)
C
Clay SmithLicense # 361676 (TN)
Broker of Record
Brian Brockman
License # 9568 (NM)Bang Realty-New Mexico, Inc. 1600 West End, Ste. 1500 Nashville, TN 37203