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MCALISTER'S DELI - HOBBS, NM 3619 NW County Rd 3,622 SF Retail Building Hobbs, NM 88240 $1,733,000 ($478.46/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- LONG-TERM | ATTRACTIVE RENTAL ESCALATIONS: Over 8 years remaining on initial 15-year NN lease with attractive 10% rental escalations every 5 years
- PARENT COMPANY: Sun Holdings, Inc. is the 3rd largest franchisee company in the U.S. operating over 1,500 restaurants
- HOBBS #1 OIL PRODUCING COUNTY IN THE U.S.: Hobbs is one of the most livable and most central places in the Permian Basin
- GUARANTOR: Guaranteed by Best Choice Restaurants - 63-unit McAlister’s Deli operator & a subsidiary of Sun Holdings, Inc
- DENSE RETAIL CORRIDOR | TRAFFIC COUNTS: Positioned in a dominant retail corridor on a large ±1.45-acre parcel on a signalized/ hard corner
- VERY AFFLUENT 2024 DEMOGRAPHICS: 2023 DEMOGRAPHICS: Total Population (5-MI): 47,422 | Average Household Income (1-MI): $180,889
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,622 SF
Year Built
2018
Price
$1,733,000
Price Per SF
$478.46
Cap Rate
8%
NOI
$138,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.45 AC
Zoning
C
Frontage
245’ on Northwest County Road
AMENITIES
- Restaurant
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $224,383 | |
| Land Assessment | $49,919 | Total Assessment | $274,302 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$49,919
Improvements Assessment
$224,383
Total Assessment
$274,302
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MCALISTER'S DELI - HOBBS, NM | 3619 NW County Rd
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