Catylist ID: #30516146
New Construction 3-Tenant Strip | 10 Year Lease Terms | Hobbs, NM
Retail-Commercial for Sale
|Catylist Listing ID:||30516146|
|Property Subtypes:||Free-Standing Building|
|Building Status:||Under Construction|
|Building Size (RSF):||6,630 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$465.04 PSF|
|Property Use Type:||Net Leased Investment (NNN)|
|Sale Terms:||Cash to Seller|
Overview / Comments
Marcus & Millichap is pleased to exclusively offer for sale an new construction 3-tenant strip center in Hobbs, New Mexico. The property is fully leased to high-quality, stable tenants – Aspen Dental, Signet Jewelers, and Domino’s Pizza. Each tenant’s primary term is ten years in length with 10% rental increases every five years. Additionally, each lease contains extension options – Aspen Dental, 3 x 5 Years; Signet Jewelers, 2 x 5 Years; Domino’s Pizza, 3 x 5 Years.
Situated along Joe Harvey Boulevard, Hobbs’ primary retail and service corridor, this property boasts excellent visibility. Outparcel to Lowe’s Home Improvement, this strip center provides buyers with a rare investment acquisition opportunity within a dense and bustling trade area.
Trade area tenants include Walmart, Starbucks, McDonald’s, Home Depot, Buffalo Wild Wings, Freddy’s Steakburgers, Taco Bell, AT&T, Verizon, Walgreens and many more. Additionally, there is a +/- 200,000 square foot shopping center planned along North Lovington Highway, less than a mile from the subject property set to include the likes of Ross Dress for Less, Ulta Beauty, Marshalls, PetSmart and more.
Attachments & Media
|Proximity:||1 mile||3 miles||5 miles|
Matthew ReevesMarcus & Millichap CARNM CIE Member
Michael W ReneauMarcus & Millichap CARNM CIE Member
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