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    512 Llano Estacado Blvd Clovis, NM 88101

    For Sale
    $2,500,000

    High-Yield Restaurant Property, NNN Lease

    Property size:
    7,831 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a brand-new, single-tenant Texas Roadhouse restaurant in Clovis, New Mexico. Built in 2023, the property boasts 7,831 square feet on a spacious 2.06-acre lot. The absolute NNN lease structure provides a passive income stream with minimal landlord responsibilities. The property enjoys a strong 5.20% cap rate, generating a net operating income (NOI) of $130,000. The asking price is $2,500,000, translating to a price per square foot of $319.24. The building is a single-story structure, strategically located just northwest of the North Plains Mall and Clovis Shopping Center, which includes major tenants such as Albertson's and Hobby Lobby. This prime location benefits from high visibility and proximity to other national retailers, including Walmart Supercenter, DollarTree, Dollar General, and Walgreens, ensuring consistent traffic and customer flow. The lease includes four 5-year options, providing long-term stability and predictable returns for the investor. This is a rare opportunity to acquire a high-performing, well-located restaurant property with a nationally recognized brand.

    Property Features for 512 Llano Estacado Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    7,831 SF
    Lot Size
    89,734 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1

    HighLights

    • 7,831 SF building on a 2.06‑acre lot.
    • Built in 2023.
    • Located NW of North Plains Mall & Clovis Shopping Center (Albertson's & Hobby Lobby).
    • Excellent location near Walmart, DollarTree, Dollar General, and Walgreens.
    Property Profile Location Intelligence

    Current Use by Public Records

    Texas Roadhouse Steak House

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Curry
    State
    New Mexico
    Longitude
    -103.1999459
    Latitude
    34.4344994

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    FAQs

    What type of property is this?
    Restaurant - High-Yield Restaurant Property, NNN Lease
    Where is this restaurant located?
    The property is located at 512 Llano Estacado Blvd Clovis, NM.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 7,831 SF building on a 2.06-acre lot.; Built in 2023.; Located NW of North Plains Mall & Clovis Shopping Center (Albertson's & Hobby Lobby).
    Request Owner's contact information
    512 Llano Estacado Blvd Clovis, NM 88101
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    Clovis, NM 88101
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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
    512 Llano Estacado Blvd Clovis, NM 88101
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