1419 N Main Ave - Retail FOR SALE


Lovington, NM 88260
$19,715,000 USD
415-413-3005
1419 N Main Ave, Lovington, NM for Sale
$19,715,000 USD
Retail - FOR SALE
1/6
null | 5.75% Cap Rate

1419 N Main Ave
Lovington, NM 88260


HIGHLIGHTS

  • New 20-year absolute NNN lease to United Supermarkets, wholly-owned subsidiary of Albertsons Companies
  • 5% rental increases every five years deliver steady growth through the initial term and eight (8) five-year options
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
  • Albertsons Companies operates over 2,200 stores across 35 states and the District of Columbia as of late 2025/early 2026
  • High-visibility and easily accessible location along U.S. Route 82, which traverses the entirety of Lovington
  • Withing walking distance of Nor-Lea Professional Physicians Center, one of the largest employers in Lovington

OVERVIEW

Prime Location: Prime setting directly off of U.S. Route 82, which traverses the entirety of Lovington. 2026 Construction: Brand-new 2026 construction built to the latest United Supermarkets prototype. Strong Demographic Base: The five-mile radius serves a populous region, with 12% growth within a one-mile radius since 2010 and an average annual household income of $89,694 within five miles. Excellent Traffic Drivers: The property is surrounded by a vibrant mix of local and national retailers that drive Lovington’s primary economic activity, including Family Dollar, Comfort Inn & Suites, Dollar General Market, McDonald’s, Pizza Hut, and many more. Zero Management Responsibilities: Absolute NNN lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot. Growing Market Dynamics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this United Supermarkets and Lovington for steady concurrent growth

FOR SALE DETAILS

PRICE

$19,715,000 USD

PRICE/SF

$402 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Supermarkets

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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Ryan ForsythCushman & WakefieldMore Info
415-413-3005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.