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    3619 NW County Rd Hobbs, NM 88240

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    For Sale
    $1,733,000

    NN leased restaurant with attractive rental escalations and renewal options.

    Property size:
    3,622 SF
    Lot size:
    1.91 Acres

    Property Features for 3619 NW County Rd

    General Information

    Size
    3,622 SF
    Lot size
    1.91 Acres

    Source: Commercial Investment Advisors (CIA) - Corporate Agent Justin Zahn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NN Leased Restaurant Investment Opportunity

    This property features over 8 years remaining on an initial 15-year NN lease, with 10% rental escalations every 5 years and three 5-year renewal options. The next 10% escalation is scheduled for January 1, 2029. The lease is guaranteed by Best Choice Restaurants, a 63-unit McAlister’s Deli operator and a subsidiary of Sun Holdings, Inc. The guarantor plans to open an additional 35 locations over the next 4 years in New Mexico, Texas, Florida, and Louisiana. Sun Holdings, Inc. is the 3rd largest franchisee company in the U.S., operating over 1,500 restaurants with brand names such as Arby’s, Burger King, Cici’s, Golden Corral, Krispy Kreme, Papa John’s, Taco Bueno, GNC & T-Mobile. The property is 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, with traffic counts of 29,463 CPD. It is adjacent to a Walmart Supercenter and near Lowe’s Home Improvement & Home Depot. The property size is 3,622 square feet. The total population within a 5-mile radius is 47,422. The average household income within a 1-mile radius is $180,889.
    Insight Report Location Intelligence

    Current Use by Public Records

    McAlister's Deli Sandwich Shop

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.1621949
    Latitude
    32.7393998

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    FAQs

    What type of property is this?
    Conventional restaurant - NN leased restaurant with attractive rental escalations and renewal options.
    Where is this conventional restaurant located?
    The property is located at 3619 NW County Rd Hobbs, NM.
    What is the asking price?
    The asking price for this property is $1,733,000.
    What are key features of this property?
    This property features: - Over 8 years remaining on initial 15-year NN lease with attractive 10% rental escalations every 5 years.; - Guaranteed by Best Choice Restaurants, a 63-unit McAlister’s Deli operator and subsidiary of Sun Holdings, Inc.; - Sun Holdings, Inc. is the 3rd largest franchisee company in the U.S. operating over 1,500 restaurants.
    (480) 718-5555
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    3619 NW County Rd Hobbs, NM 88240
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    Hobbs, NM 88240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3619 NW County Rd Hobbs, NM 88240
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