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1500 W Joe Harvey Blvd
Hobbs, NM 88240
Retail Property For Sale
EXECUTIVE SUMMARY
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 6.50% 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!
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 6.50% 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!
PROPERTY FACTS In Escrow
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
6,630 SF
Building Class
B
Year Built
2019
Price
$4,436,581 CAD
Price Per SF
$669.17 CAD
Cap Rate
7.10%
NOI
$315,183 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.97 AC
Parking
51 Spaces (7.84 Spaces per 1,000 SF Leased)
Frontage
150’ on Joe Harvey Blvd
AMENITIES
- Dedicated Turn Lane
PROPERTY TAXES
| Parcel Number | 4990519111127 | Improvements Assessment | $605,772 CAD |
| Land Assessment | $139,013 CAD | Total Assessment | $744,784 CAD |
PROPERTY TAXES
Parcel Number
4990519111127
Land Assessment
$139,013 CAD
Improvements Assessment
$605,772 CAD
Total Assessment
$744,784 CAD
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