1115 S Dal Paso St - Service Station FOR SALE


Hobbs, NM 88240
$1,010,000 USD
747-307-3673
1115 S Dal Paso St, Hobbs, NM for Sale
$1,010,000 USD
Service Station - FOR SALE
1/3
null | 6% Cap Rate

1115 S Dal Paso St
Hobbs, NM 88240


HIGHLIGHTS

  • Well-Positioned Location: Positioned on Highway 18, one of the busiest highways in Hobbs, this location benefits from Lea County’s status as the top
  • Backed by 7-Eleven: Stripes Convenience Stores is owned by 7-Eleven, Inc., the world’s largest convenience store chain, with over 83,000 locations
  • Value Add Opportunity: Stripes controls the property for another ±7 years whereby landlord has the ability to re-negotiate the lease and rental rate
  • Very Low Rent: Now part of the 7-Eleven chain, this is one of the lowest rental rates in the portfolio for a location that also offers gas.
  • Bonus & Accelerated Depreciation: Gas stations and convenience stores are real properties that qualify as a “retail motor fuel outlet"

OVERVIEW

We’re excited to bring out one of the few non-corporately owned Stripes convenience stores (owned and operated by 7-Eleven) with gas out in beautiful Hobbs, NM. This deal includes one of the cheapest rents PSF for any 7-Eleven with gas property on the market currently, sitting at less than $10 PSF. This deal is extremely attractive for investors who are pursuing value add opportunities, with the ability to renegotiate the lease and rental rate upon expiration. For those who would like to place their own operation on the real estate, it’s positioned on one of the busiest highways in the city and in the biggest oil producing county in the United States. Broker of Record Kyle Matthews License No. 19601 (NM) (866) 889-0550 Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203

FOR SALE DETAILS

PRICE

$1,010,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STRIPES

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,723 SF

ZONING

-

APN/PARCEL ID

4000128180001

ASK ABOUT THIS PROPERTY

Anthony KarimianMatthews Real Estate Investment ServicesMore Info
747-307-3673

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Anthony KarimianMatthews Real Estate Investment ServicesMore Info
747-307-3673

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.