601 W Llano Estacado Blvd
Clovis, NM 88101

The tenant’s parent company is ECP-PF Holdings Group, Inc., one of the largest Planet Fitness franchisees with 107 locations in CT, NY, NM, AZ and western Canada. There is a 2,047 SF vacancy in the property that includes a drive-thru, providing the landlord with future upside potential. The lease structure is double net (NN), with some landlord responsibilities. Please see Page 9 of the OM for details. There are seven (7.1) years remaining on the lease term, plus two (2), five (5) year options. The lease provides for 10% rental increases every five (5) years. There are 44,320 residents located in the five (5) mile demographic ring. The subject property is located in Clovis’ popular retail corridor. Nearby national tenants include Walmart Supercenter, Applebee’s, Buffalo Wild Wings, McDonald’s, Dollar Tree and Lowe’s, among many others. Southwest Cheese Company LLC is one of the largest and most successful cheese and whey protein manufacturers in the world, and is located just 9 miles (18 minutes) from the subject property. The company processes over 3.8 billion pounds of milk and produces in excess of 388 million pounds of superior block cheese and 29.1 million pounds of high value-added whey proteins powders each year. The city of Clovis is the county seat of Curry County. The Clovis Municipal Airport (CVN) flies 12 weekly round trips to Dallas/Fort Worth and is located just 8 miles (13 minutes) from the subject property.