Aaron's

For Sale

1620 North Prince Street, Clovis, NM 88101

This Clovis property for sale is located at 1620 North Prince Street. The current listed sale price for Aaron's is $638,650. Aaron's is situated on a lot that is 0.34 acre in size.

Contacts

broker

Elliott Kyle

Skyline Seven Real Estate

Property Details

  • Property Type Retail - Street Retail
  • Property Size 9,530 SF
  • Lot Size 0.34 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1992
  • Date Updated Oct 30, 2024
Clovis is location near the border with Texas and serves a large area of approximately 120,000 people. The major employers include Cannon Air Force Base, Lockheed Martin, Cummins Diesel & Natural Gas, Clovis Community College and more. The main industries are agriculture, military and railroad.This offering provides for a secure investment opportunity with a true triple net (NNN) lease, ensuring zero landlord responsibilities. Positioned on Clovis City's main retail corridor, the property benefits from high visibility with an impressive 18,343 vehicles per day (VPD) and is surrounded by major national retailers. The investment is corporately guaranteed by The Aaron's Company, Inc. (NYSE: AAN), adding stability and credibility. Aaron's has operated at this location since 2005, and exercised their option early beginning December 1, 2024 through November 30, 2029, with two additional options for a 10% rent increase each.

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Highlights

  • True Triple Net (NNN) Lease—ZERO landlord responsibilities, making it an excellent option for a 1031 Exchange
  • Low base rent of only $4.26/SF
  • Situated on Prince Street, Clovis City's main retail corridor, with major retailers located on the same street
  • Corporately-guaranteed (not a Franchisee) investment Property by the Aaron's Company, Inc. (NYSE: AAN). Currently, Aaron's is under agreement to be purchased by an private equity group for $504 million.
  • Early exercise of a 5-year option ending on November 30, 2029, with two additional options for a 10% increase every 5 years
  • The property has been successfully operated by Aaron's since its construction in 2005.
  • High visibility with 18,343 VPD passing by this location
  • Average 1-mile household income of $64,679 and is expected to increase by 13.63% in the next 5 years

Getting around

  • 74/100

    Walk Score ®

  • 57/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Clovis, NM
  • Zip Code 88101

Points of Interest

  • Valero

    1.01 miles

  • Conoco

    1.29 miles

  • Chevron

    1.35 miles

  • Walmart

    1.54 miles

  • Phillips 66

    9.15 miles

  • Domino's

    0.17 miles

  • Sonic

    0.28 miles

  • IHOP

    0.30 miles

  • KFC

    0.38 miles

  • Taco Box

    0.66 miles

  • Taco Bell

    0.78 miles

  • A&W

    1.17 miles

  • Foxy's Drive-In

    1.17 miles

  • Long John Silver's

    1.17 miles

  • DQ Grill & Chill

    1.19 miles

  • Big Lots

    0.40 miles

  • North Plains Mall

    0.74 miles

  • JCPenney

    0.81 miles

  • Walmart Supercenter

    1.59 miles

  • Cannon Shoppette

    7.65 miles

  • Cannon AFB Commissary

    7.83 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Elliott Kyle

Skyline Seven Real Estate