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
Melrose is located in New Mexico. Melrose, New Mexico has a population of 459. Melrose is less family-centric than the surrounding county with 8.96% of the households containing married families with children. The county average for households married with children is 31.95%.
The median household income in Melrose, New Mexico is $42,969. The median household income for the surrounding county is $51,199 compared to the national median of $69,021. The median age of people living in Melrose is 53.7 years.
The average high temperature in July is 91.4 degrees, with an average low temperature in January of 23.6 degrees. The average rainfall is approximately 16.9 inches per year, with 10.1 inches of snow per year.
