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Multi-Tenant Shopping Center
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931 E Bender Blvd, Hobbs, NM 88240

Anchored by Big Lots and Family Dollar, the center combines established retail, service, dining, and personal-care tenants.

Property Size74,146 SF
Lot Size6.29 Acres
Days on Market142

Property Features for 931 E Bender Blvd

General Information

Standard status Active
Size 74,146 SF
Lot size 6.29 Acres
Property subtype Retail
Occupancy 90%

Additional Details

Anchor Co-Tenants Big Lots, Family Dollar

Building Details

Year Built 1959
Tenancy Multi
Listing Agency: Marcus & Millichap - Dallas
Listed By: Philip Levy · License #TX 522087
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 2:33PM

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 Marcus & Millichap - Dallas

Investment Insights

Based on property information with market context.

Bel Aire Shopping Center is a 74,146-square-foot retail center with multiple tenant spaces and a 90 percent occupancy rate. Big Lots and Family Dollar serve as the principal anchors, complemented by restaurants, personal services, specialty retail, telecommunications, healthcare, and convenience-oriented uses. The tenant roster includes Tokyo Japanese Steak House, Verizon, Zia Chiropractic, Kingz Barbershop, Elite Nails, and other operators. Constructed in 1959, the property provides on-site parking across its 6.29-acre parcel.

The center occupies 931 E Bender Blvd near the signalized intersection of North Dal Paso Street in Hobbs, New Mexico. Nearby businesses include Exxon, Sonic Drive-In, McCoy’s Building Supply, Stripes Convenience Store, Dollar General, Washington Federal Bank, and Higginbotham Bartlett Hardware Store. A larger retail concentration along Lovington Highway and Turner Street is approximately one mile east. The one-mile average household income is $77,100, and the five-mile population exceeds 45,700 residents.

Key Highlights

  • 74,146‑square‑foot retail center on 6.29 acres
  • 90 percent occupied with multiple tenant spaces
  • Anchored by Big Lots and Family Dollar

Property Analytics

Current Use

KING’Z BARBERSHOP Barber Shop

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Building Supply Big Box & Wholesale Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

90%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

446
Businesses Nearby
73k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 48% Superstores 23% Dining 21% Electronics 5%
Big Lots Superstores
16,828 visits/mo 0.1 miles
SONIC Drive In Dining
15,171 visits/mo 0.1 miles
Dollar General Shops & Services
9,663 visits/mo 0.4 miles
Family Dollar Shops & Services
7,216 visits/mo 0.1 miles
Exxon Shops & Services
6,252 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

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Anchored by Big Lots and Family Dollar, the center combines established retail, service, dining, and personal-care tenants.
Where is this shopping center located?
The property is located at 931 E Bender Blvd Hobbs, NM.
What are key features of this property?
This property features: 74,146‑square‑foot retail center on 6.29 acres; 90 percent occupied with multiple tenant spaces; Anchored by Big Lots and Family Dollar
(972) 755-5225 Call to check price and availability
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