3-Tenant Shopping Strip
Aspen Dental/Zales/Dominos Center | 7.10% CAP | 6,630 SF
Marketing description
Prime Net Lease Inc. is pleased to exclusively offer for sale Aspen Dental Center. This Retail Investment Opportunity is located at 1500 W Joe Harvey Blvd, in Hobbs, New Mexico.
Constructed in 2019, this retail property offers an exceptional opportunity to own a modern, fully leased asset in the heart of Hobbs' primary commercial corridor. Located along the bustling Joe Harvey Boulevard, this property benefits from excellent visibility and is an outparcel to Lowe’s Home Improvement, a high-traffic anchor tenant that drives consistent customer activity. The property is fully leased to nationally recognized tenants. The anchor tenant is Aspen Dental, a rapidly expanding dental care provider offering comprehensive services occupies the largest suite. Zales Jewelry, a leader in fine jewelry retail occupies the medium sized suite. Lastly, Domino's Pizza, one of the world largest and most trusted pizza delivery chains occupies the smallest suite.
These tenants provide a well-rounded mix of retail and service offerings, ensuring diverse revenue streams and long-term stability.
The property generates a Net Operating Income (NOI) of $228,919.45, reflecting a competitive 7.25% cap rate, making it a solid investment for reliable returns. Due to its recent construction, the property requires minimal capital expenditures and features contemporary designs that appeal to both tenants and consumers. It is situated in a dense retail hub surrounded by national and regional tenants, the property is strategically positioned to benefit from high foot traffic and robust consumer demand.
With its modern construction, strong tenant roster, and prime location in a thriving commercial area, this property offers a turn-key investment opportunity. Whether you're a seasoned investor or looking to diversify your portfolio, this asset delivers stability, income, and long-term appreciation potential.
Don't miss the chance to own a cornerstone property in one of Hobbs' most dynamic retail environments!
Investment highlights
Strong Tenant Mix - The property is fully leased to nationally recognized tenants.
Excellent Location - Located on an outparcels of Lowes Home Improvement store. There are various residential communities as well retail locations nearby.
Traffic Counts - Strong Traffic Counts of around 20,000 VPD.
Attractive Financials - The property generates a Net Operating Income (NOI) of $228,919.45, reflecting a competitive 6.50% cap rate, making it a solid investment for reliable returns.
Modern Construction - Built in 2019, the property requires minimal capital expenditures and features contemporary designs that appeal to both tenants and consumers.
Prime Location - Situated in a dense retail hub surrounded by national and regional tenants, the property is strategically positioned to benefit from high foot traffic and robust consumer demand.
Long Term Leases - All 3 tenants have 5-years remaining on their current leases. Each tenant has three 5-year options to extend.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
