800 Denby Avenue, Melrose, NM 88124

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