1824 W Joe Harvey Blvd
Hobbs, NM 88240
Retail Property For Sale

Marcus and Millichap is pleased to present for sale this Starbucks in Hobbs, New Mexico. Strategically located as a pad to a critically important Walmart Supercenter, this site boasts exceptional access to a highly important trade area. Built just in 2014, this site fulfilled a long overdue need for the Starbucks corporation, as they had no single-tenant drive-thru presence in town. Perhaps one of the most compelling aspects of this investment, is the strength of the retail corridor on which the site sits in the heart of. Within a 3 mile radius surrounding retailers include. Walmart, Lowe’s, Home Depot, Applebee’s, IHOP, Chili’s, Wingstop, McDonald’s, and Taco Bell to name a very small few. With over potentially over 26 years of term left on a NNN lease, investors have the opportunity to purchase an asset with one of the strongest corporate guaranteed leases in the entire Net Lease industry. Investors should also take note of the continuous Net Lease development in the area. Any buyer will benefit greatly from buying into a market that is seeing future growth and development, all adding to the strength of the investment.