1416 N Prince St
Clovis, NM 88101
Two Tenant NNN Investment Opportunity · Retail Property For Sale

Marcus & Millichap is pleased to exclusively offer for sale a fully leased free standing building in Clovis New Mexico. The 10,800 square foot subject property contains two national tenants, Rent-A-Center (9,150 square feet) and Western Finance (1,650 square feet), each with newly renewed lease terms. This 2019 extension will be Rent- A-Center’s fifth renewal since 1996, extending through 2024. Additionally, Western Finance, having been in place since 1994, moved from month to month to firm term. Well-positioned along North Prince Street, Clovis’ main thoroughfare and primary retail and food service corridor, this property sits in the heart of the rooftops and has multiple unrestricted access points. The roof was replaced three years ago and, with landlord responsibilities addressed, the building is positioned to cash flow with minimal management. Trade area tenants include the North Plains Mall, Walmart, Lowe’s Home Improvement, Buffalo Wild Wings, Dollar Tree, Albertson’s, Hobby Lobby, Walgreens, Big Lots and many more. Clovis services a trade area of over 120,000 people. Major employers include Cummins Diesel, Southwest Cheese Company, and Cannon Air Force Base. Cannon Air Force Base is a 3,879 acre military base that currently has 5,800 military and civilian personnel making up its workforce. The city of Clovis offers strong population growth with Cannon Air Force Base’s operational expansion along with multiple private industrial employers.