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United Supermarkets 1419 N Main Ave 48,997 SF 100% Leased Retail Building Lovington, NM 88260 $19,715,000 ($402.37/SF) 5.75% Cap Rate
Investment Highlights
- New 20-year absolute NNN lease to United Supermarkets, wholly-owned subsidiary of Albertsons Companies
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
- High-visibility and easily accessible location along U.S. Route 82, which traverses the entirety of Lovington
- 5% rental increases every five years deliver steady growth through the initial term and eight (8) five-year options
- Albertsons Companies operates over 2,200 stores across 35 states and the District of Columbia as of late 2025/early 2026
- Withing walking distance of Nor-Lea Professional Physicians Center, one of the largest employers in Lovington
Executive Summary
Prime Location: Prime setting directly off of U.S. Route 82, which traverses the entirety of Lovington. 2026 Construction: Brand-new 2026 construction built to the latest United Supermarkets prototype. Strong Demographic Base: The five-mile radius serves a populous region, with 12% growth within a one-mile radius since 2010 and an average annual household income of $89,694 within five miles. Excellent Traffic Drivers: The property is surrounded by a vibrant mix of local and national retailers that drive Lovington’s primary economic activity, including Family Dollar, Comfort Inn & Suites, Dollar General Market, McDonald’s, Pizza Hut, and many more. Zero Management Responsibilities: Absolute NNN lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot. Growing Market Dynamics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this United Supermarkets and Lovington for steady concurrent growth
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
48,997 SF
Building Class
B
Year Built
2026
Price
$19,715,000
Price Per SF
$402.37
Cap Rate
5.75%
NOI
$1,133,582
Percent Leased
100%
Building Height
1 Story
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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United Supermarkets | 1419 N Main Ave
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