Melrose NM Commercial for Sale
$1,669,000
800 Denby Avenue Melrose, NM 88124
- Type:
- Other
- Sq.Ft.:
- 10,566
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 2.3 Acres
- Year built:
- 2023
- Baths:
- 2.00
- MLS#:
- 20245378
ADDITIONAL INFORMATION
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
Melrose Real Estate
The median home value in Melrose, NM is $70,800. This is lower than the county median home value of $157,700. The national median home value is $219,700. The average price of homes sold in Melrose, NM is $70,800. Approximately 56.25% of Melrose homes are owned, compared to 16.59% rented, while 27.16% are vacant. Melrose real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Melrose real estate agent to arrange a tour today!
Melrose, New Mexico has a population of 632. Melrose is less family-centric than the surrounding county with 35.36% of the households containing married families with children. The county average for households married with children is 35.41%.
The median household income in Melrose, New Mexico is $38,050. The median household income for the surrounding county is $41,941 compared to the national median of $57,652. The median age of people living in Melrose is 42.4 years.
Melrose Weather
The average high temperature in July is 92.1 degrees, with an average low temperature in January of 24.9 degrees. The average rainfall is approximately 16.9 inches per year, with 13.7 inches of snow per year.