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The Gateway Center 4024 N Prince St

21,000 SF 95% Leased Retail Building Clovis, NM 88101 £3,250,695 (£155/SF) 8.39% Net Initial Yield

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Investment Highlights

Excellent visibility & access

Executive Summary

Clovis, New Mexico is a developing market that continues to grow as new businesses continue to expand into the area. National retailers in the area include: Chili's, Red Lobster, Rib Crib, Denny's, Del Taco, Big Five Sporting Goods, Chipotle, Buffalo Wild Wings, Lowes Home Improvement, Dillard's, JC Penny's, Ashley's Home Furniture, etc. This center has 8 suites and is currently leased to national tenants including, Russell Cellular, CATO Fashions, Sally Beauty Supply & more.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Storefront

Building Size

21,000 SF

Building Class

Year Built

2003

Price

£3,250,695

Price Per SF

£155

Net Initial Yield

8.39%

NOI

£272,809

Percent Leased

95%

Tenancy

Multiple

Number of Floors

Building FAR

0.14

Lot Size

3.38 AC

Zoning

Parking

188 Spaces (8.95 Spaces per 1,000 SF Leased)

Retailer
99,999 SF
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-

A family-owned business from the beginning, Cato brings high-quality fashion and accessories, at affordable prices – all the time. With more than 900 stores in 30 states, they stay true to their small-town America customer by offering on-trend styles, embracing all shapes and sizes and giving the customer the quality and attention they deserve.

Service type
99,999 SF
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-

The world is your field, court or arena, and Locker Room Haircuts is your training zone. Go for the gold and make an appointment at one of their barber shops. Specializing in kid's and men's haircuts, their licensed barbers can give you the look you want for less.