1781 N Turner St
Hobbs, NM 88240
Staples | 10Yr Extension | 11%+ Cash on Cash · Retail Property For Sale

Staples is strategically situated along North Turner Street, the main thoroughfare passing through the city of Hobbs with 22,000 vehicles passing by daily. The asset also features a large pylon sign on North Turner Street, increasing visibility to the site. Staples is directly across from a Hobby Lobby, Big 5 Sporting Goods, Dollar Tree, and Harbor Freight Tools shopping center, which helps promote crossover shopping to the subject property. Other nearby national/credit tenants include a 24-hour Walmart Supercenter, Albertsons Market, JCPenney, Big Lots, Ross, Marshalls, PetSmart, Ulta, and more, increasing consumer traffic to the trade area. In addition, this is the only national office supply store in the market, with the next closest Staples over 91 miles away. The 5-mile trade area is supported by a population of more than 43,500 residents and 21,000 employees. The immediate 1-mile population boasts an average household income of over $68,000. Furthermore, Hobbs, NM is booming from the increase in oil production in the Permian Basin (New Mexico’s oil production is up 46%), which has brought more workers and money to the city. The additional oil revenue has allowed the city to make quality of life improvements including the Core Center of Recreational Excellence, a $63MM rec center with water-slides, a gym, and an indoor turf field for soccer, football, and more.