$1,669,000
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800 Denby Avenue Melrose, NM 88124
Other
Residence
Beds
2
Baths
...
Bed/Bath
10,566
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 Gener...al 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
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MLS#
20245378
Property Type
Other
Bathrooms
Year Built
2023
Square Feet
10,566
sq. ft
Price per Sq. Ft.
$157.96
Lot Size
2.3
Sewer
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Source: Walk Score®
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