Investment Overview

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 percent nationwide and in the top 20 percent 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.