4
See all 4 photos
$1,669,000
Est. payment /mo
10,566 SqFt
Active
800 Denby Avenue Melrose, NM 88124
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,566 sqft
Price per Sqft $157
MLS Listing ID 20245378
Year Built 2023
Annual Tax Amount $7,356
Tax Year 2022
Lot Size 10,566 Sqft
Lot Dimensions 2.3
Property Sub-Type Other
Property Description
Newly Opened 10,566 sq ft Dollar General located in Melrose, NM. The lease is a true NNN lease with all the cost of ownership paid by the Tenant. This lease started December 27, 2023 with a primary term of 15 years and has 5 - 5 year options with a 5% rate increase every 5 years. The Dollar General Corporation has a "BBB" credit rating which is classified as Investment Grade and will guarantee the lease. The building is close to the intersection of highways US 60-84 and NM SR 276 and has a traffic count of 3825 cars per day. Melrose NM is a rural community with no other grocery stores within 18 miles of this location. Rent Schedule Years Annual Lease 1-5 $108,461.40 6-10 $113,884.44 11-15 $119,578.68 OPTION PERIOD 16-20 $125,557.56 21-25 $131,935.48 26-30 $138,427.30 31-35 $145,348.56 36-40 $152,616.00
Location
State NM
County Curry County
Area New Mexico Mls
Rooms
Other Rooms 2
Interior
Inclusions Building, Land
Exterior
Garage Spaces 35.0
Utilities Available Electricity, Sewer
Roof Type Metal
Building
Structure Type Floor-Slab,Metal / Fabricate
Others
SqFt Source Seller
Listed by TOWN & COUNTRY REAL ESTATE, INC.