Dollar Tree NNN Property For Sale — Taos, NM
101 Herdner Rd, Taos, NM 87571
This Dollar Tree property offers an attractive retail investment in Taos, NM. The tenant, deemed an essential retailer, benefits from high traffic counts of approximately 20,192 VPD. This location demonstrates strong tenant commitment, with Dollar Tree having operated here for over 10 years and exercising their first option early without rent concession. The lease is corporately guaranteed by an investment-grade credit rated company, providing a secure income stream. This asset is well-positioned within a vibrant community that blends rich cultural traditions with a thriving tourism-driven economy.
- Address: 101 Herdner Rd, Taos, NM 87571
- Asking price $1.61M
- 7.25% cap rate
- NOI $117,000
- 5.37 years remaining
- nn lease
- Year built: 2015
- Building size: 9,000 SF
- Lot size: 1.59 acres
- Lease expiration: Apr 30, 2031
- Rent increases: 1st Option: $1.00 PSF; 2nd Option: $1.00 PSF
- Guarantor: Corporate
Location
This Dollar Tree property is at 101 Herdner Rd in Taos, New Mexico.
Asset type: Retail