Hobbs, NM 88240

Verizon

Property Address

4008 North Lovington Highway, Hobbs, NM, USA

Offering Summary

  • Price: $1,997,000
  • Lot Size: 0.47 Acres
  • Cap Rate: 6.70%
  • Year Built: 2016
  • Building SF: 3,000
  • Status: Available
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  • Ten Percent Rental Increases Every Five Years
  • 15 Year Roof Warranty
  • Tenant is the Largest Verizon Retailer in the United States – 550+ Locations
  • Adjacent to Holiday Inn Express & Suites
  • Households Expected to Increase 13%+ by 2022
  • Close Proximity to Walmart Supercenter, Lowe’s, and The Home Depot
  • One Mile from the New $62M Health, Wellness and Learning Center
  • Less Than Three Miles from Broadmoor Shopping Center & Mall
  • Minutes from New Mexico Junior College (3,157 Enrolled)
  • Average Household Income Exceeds $105K in 1-Mile Radius

Broker Information