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Parachute Plasma 4026 Prince

6,500 SF Retail Building Clovis, NM 88101 $4,970,045 ($764.62/SF) 7.50% Cap Rate

Retail Buildings New Mexico Clovis 4026 Prince, Clovis, NM 88101

INVESTMENT HIGHLIGHTS

  • Long-Term, Brand New 20-Year Absolute Triple Net (NNN) Lease
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
  • Two Percent (2%) Rental Increases Occurring Annually Starting Year 6

EXECUTIVE SUMMARY

NNN Pro is pleased to present the exclusive listing for a Parachute Plasma located at 4026 North Prince Street, Clovis, New Mexico 88101. The site consists of roughly 6500 rentable square feet of building space on an estimated 2.86-acre parcel of land. This Parachute Plasma is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $372,753 and has scheduled increases of 2.00% Annually Starting Year 6.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,500 SF
Year Built
2023
Price
$4,970,045
Price Per SF
$764.62
Cap Rate
7.50%
NOI
$372,753
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.86 AC
Parking
53 Spaces
Frontage
199’ on Utah Street
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NEARBY MAJOR RETAILERS

Denny's
RibCrib
Starbucks
Blake's Lotaburger
Buffalo Wild Wings
Chili's Grill & Bar
Planet Fitness
Applebee's
Texas Roadhouse
WaFd Bank

PROPERTY TAXES

Parcel Number 121201301823500 Improvements Assessment $666,409
Land Assessment $73,509 Total Assessment $739,918

PROPERTY TAXES

Parcel Number
121201301823500
Land Assessment
$73,509
Improvements Assessment
$666,409
Total Assessment
$739,918
(332) 345-4222

CONTACTS

  • Listing ID: 34080325

  • Date on Market: 12/4/2024

  • Last Updated:

  • Address: 4026 Prince, Clovis, NM 88101

More public record information on 4026 Prince, Clovis, NM 88101

The Retail Property at 4026 Prince, Clovis, NM 88101 is currently available for sale. Contact NNN Pro Group for more information.

NEARBY LISTINGS

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4026 Prince, Clovis, NM for sale Building Photo- Image 1 of 3
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Parachute Plasma | 4026 Prince
(332) 345-4222 x

Parachute Plasma | 4026 Prince

1/4

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Matthew Anuszkiewicz

(914) 403-7574

(914) 403-7574

Amelia Haydock

(332) 345-2408

(332) 345-2408

Joseph Kelly

(602) 478-4708

(602) 478-4708

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