Property Details for 512 Llano Estacado Blvd

Year built

2023

Lot size

2.06 lot acres

Property size

7,831 SF

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

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.

Location Insight

City

Clovis

County

Curry

State

New Mexico

Longitude

-103.2

Latitude

34.4345