3619 NW County Rd Hobbs, NM 88240

This exceptional investment opportunity presents a 3,622 square foot McAlister's Deli located in Hobbs, New Mexico. The property sits on a 1.45-acre lot in a high-traffic retail corridor at a signalized intersection of NW County Rd and N Lovington Hwy, boasting 29,463 cars per day. This single-tenant, absolute NNN lease boasts a strong remaining term of eight years, extending to December 31, 2033, with three five-year renewal options and attractive 10% rent bumps every five years. The next rent increase is scheduled for January 1, 2029. The property features a 7.00% cap rate and a current NOI of $138,000. The lease is guaranteed by Best Choice Restaurants, a 63-unit McAlister's Deli operator and subsidiary of Sun Holdings, Inc., a major franchisee operating over 1,500 restaurants nationwide. Sun Holdings is expanding its McAlister's footprint, adding 35 more locations in the next four years. The property's prime location is adjacent to a Walmart Supercenter and near Lowe's and Home Depot, surrounded by other major retailers including Hobby Lobby, Albertsons, and numerous national brands. Hobbs, the largest city in Lea County, is a thriving community in the heart of the Permian Basin, benefiting from a strong local economy and a robust population of 47,422 within a five-mile radius, with an average household income of $180,889 within one mile. The property is also conveniently located near educational institutions and healthcare facilities, further enhancing its appeal and long-term stability. This is a rare opportunity to acquire a well-positioned, high-performing asset with significant upside potential. The property is zoned C and was built in 2018.