505 W Hall Street, Hatch, NM
Retail for Sale - $1,435,100 - 9,026 Sq. Ft. on 1.1 acres
Property Info
CIMLS# | 928344 |
Location 505 W Hall Street Hatch NM 87937 | |
Updated | September 2nd, 2017 |
Type | Retail |
Price | $1,435,100 |
Building | 9,026 Sq. Ft. |
Land | 1.1 acres |
Property Description
KW Net Lease Advisors is pleased to present the opportunity to acquire a Net Leased Dollar General in the City of Hatch, New Mexico. Dollar General signed a 15 Year Abs. NNN Lease in February of 2016. The lease features 4 (5) Year options to extend with 10% rental increases at each option period.
Location Description:
The Subject Property is located along the main retail corridor in Hatch surrounded by a great mix of regional and national credit tenants such as: Wells Fargo, Carquest Auto Parts, and many others. The site is in the middle of all the retail synergy and out positions the other competing dollar store in Hatch.
Hatch is located 37 miles NW of Las Cruces along I-25 and is known as the Chile Capital of the World. Every Fall over 30,000 people (Including Television Networks BBC and Food Network) come to Hatch to partake in the Chile Festival.
Broker of Record: Tai Bixby CCIM, Santa Fe, NM
Highlights:
>> New Development Dollar General
Financials
Sales Info:
>> Cap rate: 6.5%
>> NOI: $95431