1115 S Dal Paso St | Hobbs, NM 88240
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- LoopNet Team
1115 S Dal Paso St
Hobbs, NM 88240
STRIPES · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Well-Positioned Location: Positioned on Highway 18, one of the busiest highways in Hobbs, this location benefits from Lea County’s status as the top
- Value Add Opportunity: Stripes controls the property for another ±7 years whereby landlord has the ability to re-negotiate the lease and rental rate
- Bonus & Accelerated Depreciation: Gas stations and convenience stores are real properties that qualify as a “retail motor fuel outlet"
- Backed by 7-Eleven: Stripes Convenience Stores is owned by 7-Eleven, Inc., the world’s largest convenience store chain, with over 83,000 locations
- Very Low Rent: Now part of the 7-Eleven chain, this is one of the lowest rental rates in the portfolio for a location that also offers gas.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Service Station
Building Size
6,110 SF
Building Class
C
Year Built
2000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.77 AC
Frontage
285’ on South Dal Paso Street
PROPERTY TAXES
| Parcel Number | 4000128180001 | Improvements Assessment | $92,284 |
| Land Assessment | $9,120 | Total Assessment | $101,404 |
PROPERTY TAXES
Parcel Number
4000128180001
Land Assessment
$9,120
Improvements Assessment
$92,284
Total Assessment
$101,404
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