Property summary
This exceptional investment opportunity presents a net-leased industrial property located at 1016 Santa Fe Ave, Clovis, NM 88101. The property consists of an 8,500 square foot distribution/warehouse facility situated on a 1.67-acre lot. Currently 100% occupied by United Rentals, Inc. (NYSE: URI), the world's largest equipment rental company, under a triple-net (NNN) lease with a corporate guarantee. The lease commenced June 1, 2023, and has a remaining term of 3.5 years, with two 5-year… renewal options at fair market value. The current lease features a favorable 3% annual rent increase, providing a hedge against inflation. The property boasts a strong 8.19% cap rate based on a current Net Operating Income (NOI) of $55,620 and an asking price of $679,000 ($79.88/sq ft). Built in 1974, the property comprises two buildings and offers significant potential for future expansion due to its low building coverage ratio (11.68%). United Rentals has operated at this location since 2013, demonstrating a long-term commitment to the site and its strategic location in a key transportation and logistics hub, serving a wide service area encompassing 12 cities across New Mexico and Texas, near the intersection of US Routes 60 and 70. This property offers a compelling combination of strong tenancy, favorable lease terms, and significant upside potential.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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