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The Gateway Center 4024 N Prince St 21,000 SF 95% Leased Retail Building Clovis, NM 88101 $4,100,000 ($195.24/SF) 8.79% Cap Rate
Executive Summary
Prime investment opportunity in Clovis, New Mexico! This Walmart shadow-anchored shopping center is strategically positioned along Prince Street, the city’s main retail corridor. Surrounded by national retailers and strong traffic drivers, the center is anchored by well-known tenants including Cato Fashions, Russell Cellular, and Sally Beauty. With excellent visibility and a proven retail location, this asset offers stable income and long-term investment potential.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
21,000 SF
Building Class
B
Year Built
2003
Price
$4,100,000
Price Per SF
$195.24
Cap Rate
8.79%
NOI
$360,319
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
3.38 AC
Zoning
MD
Parking
188 Spaces (8.95 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,050 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,050 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 1,050 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Nearby Major Retailers
Property Taxes
| Parcel Number | 121101345719600 | Improvements Assessment | $417,755 |
| Land Assessment | $98,300 | Total Assessment | $516,055 |
Property Taxes
Parcel Number
121101345719600
Land Assessment
$98,300
Improvements Assessment
$417,755
Total Assessment
$516,055
1 of 24
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
The Gateway Center | 4024 N Prince St
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