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32392338
32392299

2525 N PRINCE ST, CLOVIS, NM 88101

TS
CA CA 02059923
Faris Lee Investments
HS
CA 02036521
Faris Lee Investments
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Faris Lee Investments, Bang Realty
$1,000,000
33 days on market
Updated 19 days ago

7 Brew DT | Pad to 300K SF Regional Mall | Rare $60K NOI

Details
APN 1-212-012-065-171-00
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 510
Net Rentable (SqFt) 510
Units 1
Cap Rate 6.00%
NOI $60,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Taco Bell (+10)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/05/2040
Remaining Term 13.9
Rent Bumps Yes
Lease Options 5 (5-yr)
Broker Co-Op True
Year Built 2025
Buildings 1
Stories 1
Acreage 0.410
Zoning Commercial
Investment Type Net Lease
Lease Commencement 05/05/2025
Ground Lease No
Ownership Leased Fee (Land Only)

JUST LISTED: 7 Brew Coffee DT in Southwest U.S. | Rare Low Rent | Abs NNN Lease

Marketing description

Faris Lee Investments is pleased to present the opportunity to acquire a new, dual drive-thru 7 Brew Coffee property located in New Mexico. The subject property celebrated its Grand Opening in May 2025 and is strategically positioned as an outparcel to the 300,000 square foot North Plains Mall (the only enclosed regional mall within a 95-mile radius) along the primary commercial artery in Clovis NM. The offering is secured by a 15-year Absolute NNN ground lease, featuring one of the lowest base rents on record for the brand, and 10% rental increases (every five years) providing an investor with both a strong hedge against inflation and increasing cash flow throughout the lease term. With zero landlord responsibilities, this property presents an exceptional opportunity for a passive investor seeking a best-in-class QSR property in the Southwestern U.S.

The subject property is positioned with frontage and access to Prince Street (24,000+ VPD), the primary retail artery in Clovis NM. Additional national QSR tenants with locations on the Prince Street corridor include Wendy’s, Taco Bell, Burger King, HTeaO, McDonald’s, and more. The site also features as an outparcel to North Plains Mall, which generates 1.9 million annual visits (Placer.ai) in the last 12 months. In addition to retail synergies, the tenant hand-picked this location for strategic proximity to Clovis High School, five (5) additional primary schools, and Cannon AFB. The local economy is driven by Cannon Air Force Base which employs more than 4,800 personnel and generates over $300 million in annual economic impact. This offering represents a fantastic opportunity to acquire a new, low-rent, well-located, drive-thru 7 Brew Coffee investment property in New Mexico.

Investment highlights

  • Brand New Construction, Dual Drive-Thru 7 Brew Coffee Property in New Mexico
  • 15 Year Initial Lease Term w/ 10% Rental Increases
  • Absolute NNN Ground Lease: ultimate ease of management for investor
  • Ultra-Low Rent $60K NOI: one of the lowest base rents for a 7 Brew Coffee property to be listed for sale historically
  • Rare Outparcel to 300,000 SF Regional Mall
  • Less than 1.0 mile from Clovis High School (2,800+ Students) / Trade Area Supported by 38,000+ Residents
  • Cannon Air Force Base: dominant anchor with $300m+ economic impact which employs 4,800 personnel and houses the 27th Special Operations Wing (AFSOC)
  • 2nd Largest 7 Brew Coffee Franchise Operator in System (see Page 9)
  • 7 Brew: 700+ locations and growing

Listing Contacts

TS
CA CA 02059923
Faris Lee Investments
HS
CA 02036521
Faris Lee Investments
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Faris Lee Investments, Bang Realty

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$60,000.00
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