Dollar Tree Secures Long-Term Lovington, NM location with Value-Add Chance
LOVINGTON, NM – A Dollar Tree store in Lovington, New Mexico, has been exclusively listed for sale by Marcus & Millichap, following the retailer’s recent demonstration of commitment to the site with a 10-year lease renewal extending through 2036. The renewal included exercising two five-year option periods, solidifying Dollar Tree’s presence at 1011 W Ave D since 2013.
The investment opportunity presents a stable, income-producing property anchored by a national credit tenant, coupled with notable potential for increased returns. A vacant 10,100-square-foot portion of the building offers a value-add component, projected to yield a pro forma capitalization rate of 11-12% based on comparable sales (Comps A and B). This comes as Lovington, the county seat of Lea County, maintains a robust economic base as the area’s administrative and legal center.
Located along west Avenue D, Lovington’s primary retail corridor, the property benefits from high visibility, ample parking, and proximity to other national retailers like Bealls, Verizon, AutoZone, and O’Reilly Auto Parts. Daily traffic is further bolstered by nearby educational institutions,including a high school,middle school,and elementary schools collectively serving over 2,300 students.
The building also features a recently installed 20-year roof with warranty, adding to the property’s long-term stability. Marcus & Millichap positions this offering as a secure investment with the potential to capitalize on the growing retail synergy within the Lovington market.
