Single Tenant NNN Office Max

Retail-Commercial for Sale
Catylist Listing ID: 30138957
Property Subtypes: Free-Standing Building
Building Size (RSF): 23,500 SF
Gross Building Area: See Agent
Sale Price: $2,820,000
Unit Price: $120 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 8.75%
Last Updated: 11/16/2017

Overview / Comments

Marcus & Millichap is proud to present to qualified investors this 23,500 square foot OfficeMax located in the heart of Clovis, New Mexico OfficeMax has been in this location since 1997 and has recently exercised their second five-year option, which runs through January 2023 they will then have one five-year option remaining.

Tenant is responsible for all expenses including real estate taxes and insurance, all utilities, maintenance and repairs of the building improvements, including the non-structural portions of the roof and all common areas Landlord is only responsible for structure and foundation.

This well-located property sits across the street from the 272,802 square foot North Plains Mall, anchored by Dillard’s and JCPenney Other national retailers in the immediate area include Hobby Lobby, Harbor Freight Tools, Dollar General, Sherwin Williams, Walmart, Petsense, and Lowe’s is OfficeMax location cannot be overemphasized, being the only national office supply store in Clovis, New Mexico.

Attachments & Media

Additional Details

Nearest MSA: Clovis
County: Curry
Tenancy: Single Tenant

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,880 35,138 36,565
Median Age: 37.08 32.83 32.78
Households: 4,066 13,405 13,914

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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