Property profile

3619 County Rd Hobbs, NM 88240

OFF-MARKET
Other retail properties
Property ID
US61-0762718
3,622 SF 1.45 ac lot Built 2018
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Property summary

AI-generated overview

The property is a retail building totaling 3,622 square feet located on a ±1.45-acre parcel at a signalized hard corner on NW County Rd & N Lovington Hwy, within a dominant retail corridor. It is positioned near major retail anchors including a Walmart Supercenter and close to Lowe’s Home Improvement and Home Depot. The site has exposure to approximately 29,463 vehicles per day (CPD). Demographic indicators include a population of 47,422 within a 5-mile radius and an average household income of $180,889 within a 1-mile radius. The property has been under an initial 15-year net lease structure with remaining time remaining on the original term, featuring periodic rental escalations and renewal options, and includes a lease guarantee by Best Choice Restaurants, a multi-unit McAlister’s Deli operator and subsidiary of Sun Holdings, Inc.

Property profile

Verified
Property type Other retail properties
Year built 2018
Total area 3,622 SF
Lot 1.45 ac (63,162 SF)
UPID US61-0762718

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering

Location

3619 County Rd Hobbs, NM 88240
Hobbs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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