New Construction STNL Verizon | 10 Year Lease | Hobbs, NM

Retail-Commercial for Sale
Catylist Listing ID: 30200087
Property Subtypes: Free-Standing Building
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.47 Acres
Sale Price: $2,058,400
Unit Price: $686.13 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Last Updated: 6/19/2018

Overview / Comments

• Ten Percent Rental Increases Every Five Years
• 15 Year Roof Warranty
• Tenant is the Largest Verizon Retailer in the United States - 550+ Locations
• Adjacent to Holiday Inn Express & Suites
• Households Expected to Increase 13%+ by 2022
• Close Proximity to Walmart Supercenter, Lowe’s, and The Home Depot
• One Mile from the New $62M Health, Wellness and Learning Center
• Less Than Three Miles from Broadmoor Shopping Center & Mall - JCPenney, Zales, Thriftway Grocery, etc.
• Minutes from New Mexico Junior College (3,157 Enrolled)
• Average Household Income Exceeds $105K in 1-Mile Radius

Attachments & Media

Additional Details

Nearest MSA: Hobbs
County: Lea

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,708 27,923 37,600
Median Age: 40.31 33.16 31.94
Households: 1,136 10,105 13,342

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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