1115 S Dal Paso St - Service Station FOR SALE
Hobbs, NM 88240 |
$2,447,273 USD
747-307-3673
1115 S Dal Paso St
Hobbs, NM 88240
HIGHLIGHTS
- 7-Eleven lease extended through 2041 with 10% rent increases every 5 years
- 7-Eleven carries an A- S&P credit rating, strongest among U.S. convenience store operators
- NNN lease — both tenants reimburse taxes, insurance, repairs, and maintenance
- Located in Lea County, the #1 oil-producing county in the U.S. with 1M+ barrels/day
- Near Highway 62 & Highway 18 with 20,000+ combined vehicles per day
- Nipa Hut signed new 5-year lease at $7.17 PSF, well below market rents
FOR SALE DETAILS
PRICE
$2,447,273 USD
PRICE/SF
$401 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Stripes
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.5 AC
LAND SF
21,780 SF
ZONING
-
APN/PARCEL ID
4000128180001
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747-307-3673
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747-307-3673
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