Retail    

Hobby Lobby

 Clovis, New Mexico

Asking Price

$3,503,386

Cap Rate

7.00%

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NOI

$245,237

Rent Increases

Rent Increases

Every 5 Years

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Building Size

57,703 SF

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Acreage

1.33 AC

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Expenses

NN

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Year Built

1974

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Corporately Leased to $7.9B Revenue Company
  • Low Rent of $4.45 PSF
  • Early Lease Extension | 10.5 Years Remaining | 20+ Years of Operating History
  • Co-Anchors Have Top-Performing Metrics | Top 5% Albertsons & Harbor Freight Tools
  • Only Hobby Lobby in 100 Miles | Limited Competition | 30-Mile Trade Area
  • Signalized Entrance with 22,876 VPD | 13M Annualized Combined Traffic Count
  • NN Lease with Minimal Landlord Responsibilities | Roof Replaced in 2022
  • Curry County Seat | Cannon Air Force Base (Population of 11,000)

Exclusively Listed By

Anne Perrault

Vice President
  aperrault@northmarq.com      918.794.9538

Ryan Butler

Regional Managing Director
  rbutler@northmarq.com      918.794.9523

Brad Moulder

Senior Vice President
  bmoulder@northmarq.com      918.794.9551

David Annett

Associate Vice President
  dannett@northmarq.com      918.794.9514

Brandon Sherrill

Senior Associate
  bsherrill@northmarq.com      918.794.9558

Joe Habighorst

Lead Investment Analyst
  jhabighorst@northmarq.com   

Lindsey Vedros

Operations Analyst
  lvedros@northmarq.com   

In Association With:

Cynthia Meister

NM Broker License #19245

Northmarq

6120 S Yale Ave, Suite 300
Tulsa, OK 74136

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