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2341-Main-St-SE-Los-Lunas-NM.jpg
2341-Main-St-SE-Los-Lunas-NM.jpg
Wall Stree
2341 Main Street Se, Los Lunas, NM 87031

Dollar Tree – Los Lunas

Price: 
Price / SF:

$1,782,000

$132

Year Built: 

1990/2020

APN: 

1 011 038 183 245 000000

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Building Area: 
Land Area: 
Zoning:

13,500 SF

67,954 SF

C

Status: 

Available

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  • Single Tenant NN Dollar Tree 2020 Opening Date: 5.7+ Years Term Remaining with Minimal Landlord Responsibilities

  • Excellent Hedge Against Inflation: Attractive $0.50 Cent Increase Every 5 Years through Term and Options – Two-Five Year Options

  • Investment Grade Tenant: S&P Rated BBB | Dollar Tree, Inc. is an American Multi-Price-Point Chain of Discount Variety Stores. It is a Fortune 500 Company and Operates 15,115 Stores Throughout the 48 Contiguous U.S. States and Canada.

  • Top Ranked Shadow Anchor: Dollar Tree is Adjacent to the Los Lunas Albertsons Supermarket which According to Placer AI is Ranked in the Top 6% in the Country and Top 20% in New Mexico.

  • Excellent Signage and Traffic: Pylon Sign Visible from Hwy 47 and Main Street Signalized Intersection Traffic Counts Over 40,000 Cars Per Day.

  • Strong Retail Corridor: Neighboring Retailers such as Albertsons, Ross, Big 5, Smith’s, Ace Hardware, Walgreens, Taco Bell, Starbucks, Burger King, Pizza Hut, US Bank, O’Reilly Auto Parts, AutoZone, and more

  • Thriving and Growing City: Dollar Tree in Los Lunas is 20 Miles South of Albuquerque with Over 60,300 People in a 10-Mile Radius with an Average Household Income of $72,022. In 2016 Facebook Spent Over $1 Billion Building their Facebook (Meta) Data Centers in the City of Los Lunas.

Dollar Tree Los Lunas, which opened in 2020, has over 5.7 years remaining on its lease term, with minimal responsibilities for the landlord. This property serves as an excellent hedge against inflation, offering a $0.50 rent increase every five years, with two additional five-year extension options.

Dollar Tree, Inc., a Fortune 500 company, operates 15,115 stores across the contiguous U.S. and Canada, and is an investment-grade tenant with a BBB rating from S&P. The store is strategically located next to the Los Lunas Albertsons supermarket, which is ranked in the top 6% nationwide and in the top 20% in New Mexico, according to Placer AI.

The Dollar Tree boasts excellent signage, with a pylon sign visible from Highway 47 and Main Street, where traffic counts exceed 40,000 cars per day. It is part of a strong retail corridor, surrounded by major retailers such as Albertsons, Ross, Big 5, Smith’s, Ace Hardware, Walgreens, Taco Bell, Starbucks, Burger King, Pizza Hut, US Bank, O’Reilly Auto Parts, and AutoZone.

Los Lunas, located 20 miles south of Albuquerque, is a thriving and growing city with over 60,300 residents within a 10-mile radius and an average household income of $72,022. In 2016, Facebook invested over $1 billion in building its Meta Data Centers in Los Lunas, further contributing to the city’s growth and economic development.

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