Freestanding NNN Retail
For Sale
Contact for pricing
1781 North Turner Street, Hobbs, NM 88240
Longstanding national office-supply tenancy anchors a freestanding building on North Turner Street.
Property SizeContact for details
Days on Market144
Property Features for 1781 North Turner Street
General Information
Standard status
Active
Property subtype
Retail, Land
Site & Location
Pylon Signage
Yes
Traffic Count
22,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Rich Walter · License #CA 00468825
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 3:39PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This freestanding Staples property in Hobbs, New Mexico, is offered with fee simple ownership of the land and building. The site is leased on a NNN basis, with landlord obligations limited to the roof, structure, and parking lot. Staples has operated at the location for 21 years and recently completed a 10-year lease extension, accompanied by 1 (5-year) renewal option. The lease is guaranteed by USR Parent, Inc., with scheduled rental increases of 10% in May 2024 and 3% at the start of the option period.
The property fronts North Turner Street, Hobbs’ primary thoroughfare, with reported daily traffic of 22,000 vehicles. A large pylon sign serves the site. The building is across from a shopping center occupied by Hobby Lobby, Big 5 Sporting Goods, Dollar Tree, and Harbor Freight Tools. The surrounding trade area includes Walmart Supercenter, Albertsons Market, JCPenney, Big Lots, Ross, Marshalls, PetSmart, and Ulta. The 5-mile area includes more than 43,500 residents and 21,000 employees.
The property fronts North Turner Street, Hobbs’ primary thoroughfare, with reported daily traffic of 22,000 vehicles. A large pylon sign serves the site. The building is across from a shopping center occupied by Hobby Lobby, Big 5 Sporting Goods, Dollar Tree, and Harbor Freight Tools. The surrounding trade area includes Walmart Supercenter, Albertsons Market, JCPenney, Big Lots, Ross, Marshalls, PetSmart, and Ulta. The 5-mile area includes more than 43,500 residents and 21,000 employees.
Key Highlights
- Freestanding Staples property at 1781 North Turner Street, Hobbs, NM 88240
- 10‑year lease extension with 1 (5‑year) option to extend
- NNN lease with landlord responsibilities limited to roof, structure, and parking lot
Property Analytics
Property Profile
Current Use
Lease Details
22,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
283k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 35%
Apparel 20%
Home Improvements & Furnishings 3%
Hobby Lobby
Shops & Services
27,436 visits/mo
0.2 miles
McDonald's
Dining
23,724 visits/mo
0.1 miles
Big 5 Sporting Goods
Apparel
21,950 visits/mo
0.2 miles
Bealls
Apparel
19,569 visits/mo
0.4 miles
Dollar Tree
Shops & Services
16,459 visits/mo
0.2 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?
NNN property - Longstanding national office-supply tenancy anchors a freestanding building on North Turner Street.
Where is this nnn property located?
The property is located at 1781 North Turner Street Hobbs, NM.
What are key features of this property?
This property features: Freestanding Staples property at 1781 North Turner Street, Hobbs, NM 88240; 10‑year lease extension with 1 (5‑year) option to extend; NNN lease with landlord responsibilities limited to roof, structure, and parking lot
