3619 NW County Rd | Hobbs, NM 88240
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3619 NW County Rd
Hobbs, NM 88240
MCALISTER'S DELI - HOBBS, NM · Retail Property For Sale
Investment Highlights
- Over 8 years remaining on initial 15-year lease with attractive 10% rental escalations every 5 years with three 5-year renewal options
- Guarantor is opening additional 35 locations over the next 4 years in New Mexico, Texas, Florida & Louisia
- Positioned in a dominant retail corridor on a large ±1.45-acre parcel on a signalized/ hard corner of NW County Rd & N Lovington Hwy
- Guaranteed by Best Choice Restaurants - 63-unit McAlister’s Deli operator & a subsidiary of Sun Holdings, Inc.
- Sun Holdings, Inc. is the 3rd largest franchisee company in the U.S. operating over 1,500 restaurants
- 2023 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 47,422 | Average Household Income (1-MI): $180,889
Executive Summary
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,622 SF
Year Built
2018
Price
£1,568,317
Price Per SF
£433
Net Initial Yield
7%
NOI
£109,782
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
1.45 AC
Zoning
C
Frontage
245 ft on Northwest County Road
Amenities
- Restaurant
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £163,187 | |
| Land Assessment | £38,388 | Total Assessment | £201,575 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£38,388
Improvements Assessment
£163,187
Total Assessment
£201,575
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