1500 W Joe Harvey Blvd - Storefront FOR SALE


Hobbs, NM 88240
$3,521,970 USD
714-875-2400
1500 W Joe Harvey Blvd, Hobbs, NM for Sale
$3,521,970 USD
Storefront - FOR SALE
1/3
null | 6.5% Cap Rate

1500 W Joe Harvey Blvd
Hobbs, NM 88240


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$3,521,970 USD

PRICE/SF

$531 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

-

APN/PARCEL ID

4990519111127

ASK ABOUT THIS PROPERTY

Paul MatusikPrime Net LeaseMore Info
714-875-2400

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Paul MatusikPrime Net LeaseMore Info
714-875-2400

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