1115 S Dal Paso St - Service Station FOR SALE
Hobbs, NM 88240 |
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"
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
STRIPES
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
6110
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
4000128180001
