high-performing family dollar · 2020-05-05 · family dollar. to open new stores in rural areas...

real property • real people • real timeHIGH-PERFORMING FAMILY DOLLAR

FOR SALE

2072 Historic Route 66, Santa Rosa, NM 884352072 Historic Route 66, Santa Rosa, NM 88435

• Recent lease extension of high-performing Family Dollar! • Historically strong sales experiencing continued growth trend • Reportedly below 5.5% Rent-to-Sales ratio

$725,000 | 10.02% CAP

Actual Property Photo

GARRET JACOBS • 209.401.9450 • [email protected]

TABLE OF CONTENTSTABLE OF CONTENTS | HIGH-PERFORMING FAMILY DOLLAR | SANTA ROSA, NM | HIGH-PERFORMING FAMILY DOLLAR | SANTA ROSA, NM

ExEcutivE Summary

4 Property Description

5 Offering Summary

6 Lease & Rent Roll

ProPErty information

8 Trade Area Map

9 Site Plan

10 Property Photos

tEnant ovErviEw

12 Family Dollar Tenant Overview

13 Gianna's Hair Studios Tenant Overview

markEt ovErviEw

15 Santa Rosa Market Overview

EXECUTIVE SUMMARYEXECUTIVE SUMMARY | HIGH-PERFORMING FAMILY DOLLAR | SANTA ROSA, NM | HIGH-PERFORMING FAMILY DOLLAR | SANTA ROSA, NM

SITE HIGHLIGHTS• Family Dollar deemed an essential business during the COVID-19 pandemic which allowed

this store to not only remain open but to thrive by experiencing sales increases that doubled typical peak season sales

• Early extension with no concessions demonstrates Family Dollar’s commitment to the site

• Family Dollar is well-established in the Santa Rosa market with strong historical sales that continue to experience growth

• Santa Rosa is the county seat of Guadalupe County with an expansive regional draw by its strong government, education, retail, and medical sectors

• Family Dollar is well positioned in the trade area and is high performing with a fully established competitive set in the expansive Santa Rosa market cementing their long term stability and viability at this site

• High barrier to entry market with limited competition; Dollar General across the street and the local IGA are the only other grocery sales in town, both with inferior locations

• Building situated for maximum visibility

• Dominant location at the entrance to town with easy access off of I-40 catering to travelers as well as locals

• Modern 2004 construction with significant reinvestment in roof, parking lot, signage, and exterior of the property

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HIGH-PERFORMING FAMILY DOLLARHIGH-PERFORMING FAMILY DOLLAR PROPERTY DESCRIPTIONPROPERTY DESCRIPTION

Google Street View pre-2020


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HIGH-PERFORMING FAMILY DOLLARHIGH-PERFORMING FAMILY DOLLAR OFFERING SUMMARYOFFERING SUMMARY

offEring PricE: $725,000

caP ratE: 10.02% Year 6 rOI: 11.35%

noi: $72,647 91% NOI from Essential Tenants & 100% NOI from Internet Resilient Tenants

Building Sq ft: 11,329

addrESS: 2072 Historic Route 66 Santa Rosa, NM 88435

10 milE avg HHi: $45,004

yEar Built: 2004


family dollar

Sq ft: 9,180

lEaSE ExPiration: 6/30/24

rEnt: 7/1/19 - 6/30/24: $72,600 ($7.91 psf)

oPtionS: Five, 5 year options with 10% increases every 5 yrs

lEaSE tyPE: Modified Gross LL Responsible: taxes, insurance, roof, structure, and HVAC over $1,000 annually Tenant Responsible: interior of premises, snow removal, trash, utilities (incl. parking lot), landscaping, and striping of lot

GIANNA'S HAIR STUDIOSSq ft: 2,149

lEaSE ExPiration: 12/31/24

rEnt: 6/1/2020 - 12/31/2021: $7,200 ($3.35 psf)

• 1/1/2022 - 12/31/2023: $9,000 ($4.19 psf)

• 1/1/2024 – 12/31/2024: $9,600 ($4.47 psf)

oPtionS: N/A

lEaSE tyPE: Modified Gross LL Responsible: taxes, insurance, roof, structure, and HVAC over $1,000 annually

Tenant Responsible: interior of premises, trash, utilities

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HIGH-PERFORMING FAMILY DOLLARHIGH-PERFORMING FAMILY DOLLAR LEASE & RENT ROLLLEASE & RENT ROLL

Google Street View pre-2020


PROPERTY INFORMATIONPROPERTY INFORMATION | HIGH-PERFORMING FAMILY DOLLAR | SANTA ROSA, NM | HIGH-PERFORMING FAMILY DOLLAR | SANTA ROSA, NM

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HIGH-PERFORMING FAMILY DOLLARHIGH-PERFORMING FAMILY DOLLAR SANTA ROSA MAPSANTA ROSA MAP


Unit tenant SqFt

2070 Gianna's Hair Studios 2,1492072 Family Dollar 9,180

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HIGH-PERFORMING FAMILY DOLLARHIGH-PERFORMING FAMILY DOLLAR SITE PLANSITE PLAN


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HIGH-PERFORMING FAMILY DOLLARHIGH-PERFORMING FAMILY DOLLAR PROPERTY PHOTOSPROPERTY PHOTOS


TENANT OVERVIEWTENANT OVERVIEW | HIGH-PERFORMING FAMILY DOLLAR | SANTA ROSA, NM | HIGH-PERFORMING FAMILY DOLLAR | SANTA ROSA, NM

ABOUT FAMILY DOLLAROne of the nation’s fastest growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without stretching the family budget.

With an average store size of 7,000 square feet, this relatively small footprint allows Family Dollar to open new stores in rural areas and small town, as well as in large urban neighborhoods. Within these markets, the stores are located in shopping centers or as free-standing buildings convenient to the Company’s customer base.

In July 2015, Family Dollar was acquired by Dollar Tree for $9 billion in cash and Dollar Tree stock. The combined Dollar Tree-Family Dollar entity is now the largest discounter in North America with over 15,000 stores in 48 states and Canada with annual sales over $20 billion.

Founded in 1959 by Leon Levine opening its first store in Charlotte, North Carolina, Family Dollar is currently headquartered in Chesapeake, Virginia.

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HIGH-PERFORMING FAMILY DOLLARHIGH-PERFORMING FAMILY DOLLAR TENANT DESCRIPTION: FAMILY DOLLARTENANT DESCRIPTION: FAMILY DOLLAR

HEadquartErS: Chesapeake, VA

ParEnt comPany: Dollar Tree

locationS: 8,000+, Family Dollar 15,000+, combined

wEBSitE: familydollar.com


ABOUT GIANNA'S HAIR STUDIOSGianna's Hair Studios is a single location operator with a history of serving the Santa Rosa market for over 22 years! Their recent long-term lease of the shop space at this center strategically positions them at the premier intersection in Santa Rosa. This relocation and buildout have fulfilled the operator’s goal to solidify themselves as the dominant salon in

Santa Rosa’s competitive spa & salon scene.

Gianna's provides the widest offering of spa & salon amenities in the greater Santa Rosa market within a setting that out-positions their competition.

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HIGH-PERFORMING FAMILY DOLLARHIGH-PERFORMING FAMILY DOLLAR TENANT DESCRIPTION: GIANNA'S HAIR STUDIOSTENANT DESCRIPTION: GIANNA'S HAIR STUDIOS


MARKET OVERVIEWMARKET OVERVIEW | HIGH-PERFORMING FAMILY DOLLAR | SANTA ROSA, NM | HIGH-PERFORMING FAMILY DOLLAR | SANTA ROSA, NM

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HIGH-PERFORMING FAMILY DOLLARHIGH-PERFORMING FAMILY DOLLAR

SANTA ROSA, NEW MEXICOLocated on the Pecos River, between Albuquerque and Amarillo,

this Southwest tourist destination sits within 2 hours of 80%

of New Mexico’s population and offers historical sites, lakes,

and hiking trails all surrounded by iconic Route 66 scenery.

Thousands of visitors come through the city each year to seek

out one or more of these amenities.

Designated “The Scuba Diving Capital of the Southwest,” Santa Rosa is home to the

Blue Hole, an 81 ft deep natural artesian spring that—at 62 degrees—allows for year-

round scuba diving as well as the adjacent Park Lake with its waterpark and boating

opportunities. Santa Rosa’s stretch of Route 66 is forever memorialized in American

film history in Steinbeck’s epic novel, Grapes of Wrath with a memorable train scene,

as a freight train steams over the Pecos River railroad bridge in the center of town.

REGIONAL MAPREGIONAL MAP

to Albuquerque, NM — 118 mi

to Santa Fe, NM — 109 mi

to Amarillo, TX — 172 mi


high-performing family dollar · 2020-05-05 · family dollar. to open new stores in rural areas...

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