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506 U.S. Route 66
Milan, NM 87021
Asking Price
$1.26M
Cap Rate
7.75%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
Retail | 7.75% CAP | 9,026 SqFt <ul><li>Tenant: Dollar General has recently exercised a 5-year lease extension, demonstrating long-term commitment to the site. The lease includes 10% rental increases in each option period, providing strong built-in NOI growth.</li><li>Lease Structure: Absolute NNN lease with zero landlord responsibilities, offering a truly passive investment. Tenant is responsible for all taxes, insurance, and maintenance, eliminating ownership risk.</li><li>Traffic Counts: The property benefits from strong
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NOI
$80,000
Cap Rate
6.37%
DSCR
1.07
Tight
Cash-on-Cash
1.44%
Monthly Payment
$6,213.043
Annual Cash Flow
$5,443.485
