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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

512 Llano Estacado Blvd Clovis, NM 88101

7,831 SF 2.06 ac lot Built 2023
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 2023
Total area 7,831 SF
Lot 2.06 ac (89,734 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Texas Roadhouse Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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