Dollar General NNN Property For Sale — Fort Sumner, NM
1266 Sumner Ave, Fort Sumner, NM 88119
This newly constructed Dollar General Plus store, built in 2024, offers an exceptional investment opportunity. Secured by a 15-year absolute NNN lease, the property requires no landlord responsibilities, providing a truly passive investment. The lease features attractive 5% rental increases every five years, including through each of the five renewal options. The lease is corporately guaranteed by Dollar General Corporation, an investment-grade tenant with a "BBB" credit rating. The store, which commenced operation in June 2024, is strategically located at a highly visible corner, accessible from two streets, and benefits from significant daily traffic. This offering is ideal for investors seeking a stable, long-term asset with a strong corporate guaranty and built-in rental growth.
- Address: 1266 Sumner Ave, Fort Sumner, NM 88119
- Asking price $1.87M
- 6.85% cap rate
- NOI $127,843
- 13.5 years remaining
- NNN lease
- Year built: 2024
- Building size: 10,640 SF
- Rent increases: 5% every 5 years
- Guarantor: Corporate
Location
This Dollar General property is at 1266 Sumner Ave in Fort Sumner, New Mexico.
Asset type: Retail