Family Dollar - Ruidoso, NM

(File Photo Shown Above)

A mountain resort town, Ruidoso lies in the rugged Sierra Blanca mountain range of south central New Mexico, where it merges with the Sacramento Mountains to the south. Ruidoso is a rapidly growing resort community due to the region's alpine scenery, the Ruidoso Downs racetrack, and the slopes of Ski Apache, the Mescalero Apache Tribe-owned ski resort on Sierra Blanca, a 12,000-foot (3,700 m) mountain. The tribe also operates the Inn of the Mountain Gods resort in the area, which includes a casino, hotel, and golf course. Ruidoso is the largest community in Lincoln County, and serves as the regional economic hub.

Ruidoso has been experiencing explosive growth. Currently, Ruidoso is the 4th fastest growing city in New Mexico, after Albuquerque, Rio Rancho, and Las Cruces. Massive investment has poured into the town from many developers. Major projects including large housing subdivisions, condos, and retail establishments have altered the face of the once "sleepy mountain community." As a result, the Village is contending with serious questions about the adequacy of the local water supply and zoning enforcement. Like many small communities that have been recently 'discovered', there is an ongoing debate about how best to plan for additional growth.

This Family Dollar is located at Sierra Mall off Highway 48, which is one of the main shopping hubs in the town. This property is next door to a movie theater and adjacent to other retail establishments. Moreover, it is located right next to a local University with over 1,700 students. The tenant has 4.5 years left on the lease, which ends on June 30th, 2020. As per the Double-Net structure of the lease, the landlord is responsible for roof, structure, and the payment of property insurance.

Additional Info

  • Address: : 721 Mechem Drive, Ruidoso, NM 88345
  • Price: : $450,000
  • Net Rentable Area: : 8,064
  • Lot Size (Acres): : 0.6
  • CAP Rate: : 12.22%
  • Price Per Sqft: : $55.80
  • NOI: : $55,000
  • Year Built: : 2003
  • Status: : Available

What Clients Are Saying                                     

"I want to thank for your part in helping us achieve our sale leaseback goals for 2009. We are pleased with the balance you helped us achieve between sales price, rent and overall cap rate. I would not hesitate to recommend you and your firm to other potential clients. Feel free to use me as a reference."
Joe Cirelli/The Pep Boys Manny, Moe & Jack

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