3619 NW County Rd Hobbs, NM 88240
NN leased restaurant with attractive rental escalations and renewal options.
Property size:
3,622 SFLot size:
1.91 AcresProperty Features for 3619 NW County Rd
General Information
- Size
- 3,622 SF
- Lot size
- 1.91 Acres
Source:
Moodyscre
Listing 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.
Location Intelligence
Current Use by Public Records
McAlister's Deli
Sandwich Shop
Location Insight
- Map
- Local Demand
- City
- Hobbs
- County
- Lea
- State
- New Mexico
- Longitude
- -103.1621949
- Latitude
- 32.7393998
Nearby Similar for Sale
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.