512 Llano Estacado Blvd Clovis, NM 88101
- Retail properties
- 7,831 SF
- 2.06 lot acres
Current Use by Public Records
- Texas Roadhouse / Steak House / American Restaurant
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
- 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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clovis
- County
- Curry
- State
- New Mexico
- Longitude
- -103.2
- Latitude
- 34.4345
