Single Tenant Family Dollar | New 10-Year Corporate Guaranteed Lease

Retail-Commercial for Sale
Catylist Listing ID: 30621212
Property Subtypes: Free-Standing Building
Building Size (RSF): 9,180 SF
Gross Building Area: See Agent
Gross Land Area: 1.20 Acres
Sale Price: $1,430,500
Unit Price: $155.83 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 6.85%
Last Updated: 8/10/2020

Overview / Comments

» New 10-Year Corporate Guaranteed Lease
» 5% Rental Increases Each 5 Year Option Period
» 39,325 Residents within a 5-Mile Radius - Growing Hobbs Trade Area
» Population and Households Projected to Increase 5%+ in Surrounding Area by 2024
» Average Household Income Exceeds $71K within a 5-Mile Radius
» Excellent Visibility Along Marland Boulevard (Hwy 62), Hobbs' Main Thoroughfare -14,500+ Cars/Day at the Intersection of Marland Boulevard and Snyder Street
» Limited Local Retail Competition
» Down the Road from Hobb High School (1,920+ Students)

Attachments & Media

Additional Details

Nearest MSA: Hobbs
County: Lea

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,777 31,449 34,091
Median Age: 28.32 30.69 31.28
Households: 3,242 10,934 12,071

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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