North Plains Mall

Shopping Center for Sale
Catylist Listing ID: 30663924
Property Subtypes: Regional Mall
Building Size (RSF): 300,624 SF
Gross Building Area: See Agent
Gross Land Area: 33.33 Acres
Sale Price: $5,898,000
Unit Price: $19.62 PSF
Property Use Type: Investment
Building Name: North Plains Mall
Sale Terms: Cash to Seller
Cap Rate: 14.0%
Last Updated: 11/25/2020

Overview / Comments

Just Listed: $20 PSF Regional Mall, Wholly Owned 33-Acre Site, 81% In-Line Occupancy, 14.00% Cap Rate

CBRE, Inc. is pleased to exclusively offer for sale North Plains Mall (North Plains). The ┬▒300,624 SF regional mall anchors the Clovis, NM retail trade-area serving its 52,000 residents. Wholly owned, the ┬▒33.3-acre project includes owned anchors JC Penney and North Plains Cinema (7-Screens), with complementary national tenants such as Rue 21, GNC, Maurices, Buckle, Zales, Red Lobster, Hibbett Sports, Taco Bell (NAP), and Bath & Body Works.

INVESTMENT SUMMARY
41% Occupancy
81% In-Line Occupancy
33.33 AC ($4/SF) Land
$5,898,000 ($20/SF) Offering Price

Additional Details

Nearest MSA: Clovis
County: Curry
Taxing Authority: Curry County
Tax ID/APN: 121201208021000
Zoning: GC - GENERAL COMMERICAL
Property Located Between: Frontage along North Prince St at Retail Center of Clovis
Property Visibility: Excellent
Parking Ratio: 5.7 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 1,724

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,880 36,565 37,370
Median Age: 37.08 32.78 32.88
Households: 4,066 13,914 14,204

Contact

Photograph of Listing Agent

Jim P Dountas

CBRE, Inc.
CARNM CIE Member
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