7-Eleven Gas Station
For Sale
$2,447,273
1115 S Dal Paso St, Hobbs, NM 88240
Fee-simple convenience and fuel property with NNN leases and reimbursement of operating expenses by both tenants.
Property Size5,358 SF
Days on Market19
Property Features for 1115 S Dal Paso St
General Information
Standard status
Active
Size
5,358 SF
Property subtype
Commercial
Lease Term
± 15.5 Years
Net Operating Income
$134,600
Additional Details
Highway Access
Yes
Building Details
Building Size
5,358 SF
Year Built
2000
Tenancy
Multi
Listing Agency:
Matthews Real Estate Investment Services - Orange County
(747) 307-3673
Listed By:
Anthony Karimian · License #02248570 (CA)
(747) 307-3673
Source:
Matthews
Added: Aug 12
Changed: Aug 29
Last Checked: Aug 29 at 3:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services - Orange County
Investment Insights
Based on property information with market context.
This fee-simple gas station property includes a 7-Eleven operation and a Nipa Hut tenancy. The 7-Eleven lease has been extended through 2041 and provides 10% rent increases every 5 years. Nipa Hut recently entered a new five-year lease at $7.17 PSF. Both tenants reimburse their pro-rata shares of taxes, insurance, repairs, and maintenance under the NNN structure.
The property is located at 1115 S Dal Paso St in Hobbs, New Mexico, near the Highway 62 and Highway 18 intersection. Those thoroughfares collectively carry more than 20,000 vehicles per day. Built in 2000, the property is positioned within Lea County and near the Midland-Odessa energy market. Hobbs serves as a regional center for energy companies and oilfield service providers.
The property is located at 1115 S Dal Paso St in Hobbs, New Mexico, near the Highway 62 and Highway 18 intersection. Those thoroughfares collectively carry more than 20,000 vehicles per day. Built in 2000, the property is positioned within Lea County and near the Midland-Odessa energy market. Hobbs serves as a regional center for energy companies and oilfield service providers.
Key Highlights
- 7‑Eleven lease extended through 2041
- 10% rent increases scheduled every 5 years under the 7‑Eleven lease
- Nipa Hut signed a new five‑year lease at $7.17 PSF
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,905 visits/mo
0.1 miles
Phillips 66
Shops & Services
6,349 visits/mo
0.1 miles
Allsups
Shops & Services
3,698 visits/mo
0.5 miles
Twice The Ice
Shops & Services
1,446 visits/mo
0.1 miles
Demographics for 88240, NM
42,386
Population
16,490
Households
2.6
Avg Household Size
31
Median Age
17%
College-Educated
76%
High-School Grad
600.2 sq mi
ZIP Area
71
Density / Sq Mi
$65,394
Median Household Income
$37,178
Median Earnings
$1,124
Median Rent
$177,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Fee-simple convenience and fuel property with NNN leases and reimbursement of operating expenses by both tenants.
Where is this gas station located?
The property is located at 1115 S Dal Paso St Hobbs, NM.
What is the asking price?
The asking price for this property is $2,447,273.
What are key features of this property?
This property features: 7‑Eleven lease extended through 2041; 10% rent increases scheduled every 5 years under the 7‑Eleven lease; Nipa Hut signed a new five‑year lease at $7.17 PSF
