Dollar Tree Anchored Retail Investment

Retail-Commercial for Sale
Catylist Listing ID: 29996014
Property Subtypes: Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 20,104 SF
Gross Building Area: See Agent
Sale Price: $1,470,000
Unit Price: $73.12 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Dollar Tree
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 7/9/2020

Overview / Comments

Solid NNN investment with Value Add Potential
Located in the Dominant Retail Corridor of Lovington
Across from the local middle school
Nearby National Tenants: O'Reilly's, Autozone, McDonald's, Stripes, Subway, Taco
Bell, Wells Fargo
Brand new roof and other upgrades to the property totaling over $500k

Value Add Opportunity:
Vacant space can be converted into full retail/restaurant, showroom/warehouse, etc.
Vacancy is currently being marketed for lease at $8-10 psf NNN

Additional Details

Nearest MSA: Hobbs
County: Lea
Tax ID/APN: 4000219610001
Retail Clientele: General, Family, Business, Traveler, Recreation
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1975
Year Renovated: 2013
Construction/Siding: Brick
Parking Type: Structure
Parking Description: 57 parking spots

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,661 11,470 11,470
Median Age: 31.41 30.85 30.85
Households: 1,893 3,738 3,738


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