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1620 N Prince St
Clovis, NM 88101
Aaron's · Retail Property For Sale
Investment Highlights
- True Triple Net (NNN) Lease: Zero landlord responsibilities, ideal for a 1031 Exchange.
- Prime Location: Situated on Prince Street, Clovis City's main retail corridor, surrounded by major retailers.
- Long-Term Lease with Increases: Early exercise of a 5-year option ending in 2029, with two additional options and a 10% increase every 5 years.
- Low Base Rent: Only $4.26 per square foot.
- Corporately-Guaranteed Lease: Backed by The Aaron's Company, Inc. (NYSE: AAN), which is under agreement to be purchased for $504 million by a private
- High Visibility & Strong Demographics: 18,343 vehicles per day pass by, with a 1-mile average household income of $64,679, projected to increase by 13
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,530 SF
Building Class
C
Year Built
1992
Tenancy
Single
Building Height
1 Story
Building FAR
0.64
Lot Size
0.34 AC
Zoning
CG - commercial general
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 121101152036000 | Improvements Assessment | $104,213 |
| Land Assessment | $15,600 | Total Assessment | $119,813 |
Property Taxes
Parcel Number
121101152036000
Land Assessment
$15,600
Improvements Assessment
$104,213
Total Assessment
$119,813
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