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903-1015 E Bender Blvd
Hobbs, NM 88240

Bel Aire Shopping Center · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • 90% Occupied | 50% of the Gross Leasable Area has Triple-Net Leases
  • Anchored by Big Lots and Family Dollar | Both Tenants Recently Extended Their Lease Terms for Five Years
  • Priced at $59 per Square Foot | Significantly Below Replacement Cost
  • Significant Upside Potential in Filling the Vacant Space and Converting All Leases to Triple-Net
  • 57% of the Gross Leasable Area has National Tenants

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
74,146 SF
Building Class
C
Year Built
1959
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
6.29 AC
Parking
500 Spaces (6.74 Spaces per 1,000 SF Leased)

AMENITIES

  • Pylon Sign
  • Signage

PROPERTY TAXES

  • Listing ID: 21037973

  • Date on Market: 9/23/2020

  • Last Updated:

  • Address: 903-1015 E Bender Blvd, Hobbs, NM 88240