900 Denby Ave, Melrose, NM
$1,669,000
Town & Country Real Estate, Inc is pleased to present this newly opened 10,556 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 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.
Call Brett Johnson @ 575 760-3654 for more information.