1620 Prince St Clovis, NM 88101

This exceptional investment opportunity presents a 9,530 square foot, single-tenant, absolute NNN leased storefront located at 1620 N Prince St, Clovis, NM 88101. The property, built in 1992 and situated on a 0.344-acre lot, boasts a strong 7.00% cap rate and a low price per square foot of $67.01, totaling $638,650. The property features a corporate guarantee from Aaron's Company, Inc. (NYSE: AAN), providing significant investment security. The current lease, commencing August 30, 2004, has a remaining term of approximately 5 years, expiring November 29, 2029, with two 5-year renewal options at a 10% rent increase each. The property benefits from high visibility on Clovis's main retail corridor, experiencing 18,343 vehicles per day. The tenant, Aaron's, has occupied the space since 2005, demonstrating a long-term commitment to the location. The Net Operating Income (NOI) is $44,699. This Class C property offers a secure, low-maintenance investment with a strong tenant and excellent location within a growing market served by major employers including Cannon Air Force Base and Lockheed Martin. The average household income within a one-mile radius is $64,679, projected to increase by 13.63% in the next five years. This is an ideal opportunity for investors seeking a stable, triple-net lease investment with significant upside potential.