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Ranchline Listings - Dollar General Store - Vado, NM
$1,107,815

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  • Dollar General Store - Vado, NM
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Quick Notes

  • Vado, NM
  • Property Type: Retail
  • Property Use Type: Net Lease Investment
  • 15 year lease with 3% increase at year 10;
  • Three 5-year options with 10% increases at 2% per year
  • Cap Rate: 9%
  • Occupancy: 100%
  • New Dollar General Store completed in February 2010
  • Net Income/Annual Rent - $99,703 (15 yr. maturity)
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About Dollar General Store - Vado, NM

Dollar General is over 8,200 stores strong in about 35 states with over 60+ years in the business. They offer basic household items such as cleaning supplies, health and beauty aids, apparel and food. Dollar General is the largest general merchandise discount chain in the US with over 8,000 stores in the United States. Vado, NM, is near the Las Cruces Metropolitan area.