1005 Joe Harvey Blvd | Hobbs, NM 88240
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1005 Joe Harvey Blvd
Hobbs, NM 88240
Retail Property For Sale
Investment Highlights
- Long-Term Absolute NNN Lease | Contractual Rental Increases
- Strong Real Estate Fundamentals | Proximity to Major Traffic Thoroughfares
- Synergistic Retail Location | Across the Street from The Home Depot
- Passive Lease Structure | Zero Landlord Responsibilities
- Strong Operator | Nation's Largest Franchisee of Church's
- Major Day-Time Traffic | Covenant Health Hobbs Hospital & Colleges
Executive Summary
CHURCH'S CHICKEN - HOBBS, NM | LONG-TERM ABSOLUTE NNN LEASE | STRONG OPERATOR
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,400 SF
Building Class
B
Year Built
2019
Price
$1,900,000
Price Per SF
$792
Cap Rate
5.66%
NOI
$107,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.85 AC
Parking
94 Spaces (10 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $293,551 | |
| Land Assessment | $199,998 | Total Assessment | $493,549 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$199,998
Improvements Assessment
$293,551
Total Assessment
$493,549
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