Contacts
Prime Net Lease
Property Details
- Property Type Retail - Street Retail
- Property Size 6,630 SF
- Units 3
- Additional Rent Contact for pricing
- Property Tenancy Multi-Tenant
- Year Built 2019
- Date Updated Dec 9, 2024
Reach out to the broker for more info on lease terms and amenities
Highlights
- Strong Tenant Mix - The property is fully leased to nationally recognized tenants.
- Excellent Location - Located on an outparcels of Lowes Home Improvement store. There are various residential communities as well retail locations nearby.
- Traffic Counts - Strong Traffic Counts of around 14,000 VPD.
- Attractive Financials - The property generates a Net Operating Income (NOI) of $228,919.45, reflecting a competitive 6.50% cap rate, making it a solid investment for reliable returns.
- Modern Construction - Built in 2019, the property requires minimal capital expenditures and features contemporary designs that appeal to both tenants and consumers.
- Prime Location - Situated in a dense retail hub surrounded by national and regional tenants, the property is strategically positioned to benefit from high foot traffic and robust consumer demand.
- Long Term Leases - All 3 tenants have 5-years remaining on their current leases. Each tenant has three 5-year options to extend.
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Hobbs, NM
- Zip Code 88240
Points of Interest
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Murphy USA
0.30 miles
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Pilot
0.51 miles
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Exxon
1.23 miles
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Valero
1.41 miles
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Alon
1.51 miles
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Phillips 66
1.56 miles
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Conoco
1.66 miles
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Bel Air Exxon
1.89 miles
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Permian Lots
0.62 miles
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Applebee's
0.12 miles
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Quiznos
0.12 miles
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Taco Bell
0.15 miles
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Papa John's
0.15 miles
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Pacific Rim
0.15 miles
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Schlotzsky's
0.21 miles
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Buffalo Wild Wings
0.25 miles
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vacant
0.28 miles
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Tia Juana's Mexican Grille & Cantina
0.28 miles
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Chili's
0.29 miles
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Walmart Supercenter
0.40 miles
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Albertsons
1.12 miles
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Big Lots
1.96 miles
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Thriftway
2.19 miles
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JCPenney
2.20 miles
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Stage
2.22 miles
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La Tienda
3.27 miles
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.
Prime Net Lease