Hobbs, NM Property For Sale and Lease

Walmart Anchored Shop Space For Lease

1,466 SF For Lease

Located in Dynamic High Growth Retail Corridor

Prominent Monument Signage

Area Businesses include Walmart, Starbucks, Lowe's, Home Depot, Walgreens, among others....

Contact:

Michael Butler

+1-505-730-8404 (mobile/text)

Michael@lockehouse.com

PROPERTY OVERVIEW

1014 Joe Harvey Road was built in 2016 for a Carls Jr. Franchisee. The property

is 3,000 SF and sits on 0.85 acres. The building has a double drive-through with

ample parking and a monument sign visible to Joe Harvey Rd. The entire of

the property includes a large seating area and a kitchen built out with hoods,

grease trap, sinks, coolers, etc. This property is ready for a new drive-through

operator.

LOCATION OVERVIEW

1014 Joe Harvey Road is a stand-alone drive-through building in the North side

of Hobbes, New Mexico. The property is flanked by Home Depot to the East and

Lowe’s to the west. The property is located on Joe Harvey Road which is a main

East-West thoroughfare in Hobbs. Hobbs, is located in the SE corner of New

Mexico in the Permian basin, New Mexico’s largest oil reserve. Because of the

high concentration of oil wells, Hobbs is home to many high-income earners.

Two Hobbs multifamily communities consisting of 72 renovated units built in 1983. 56 Two-Bedroom 1.5 Bath units and 16 Two-Bedroom 1 baths.

Unit features include fireplaces, private yards, dishwashers,

disposals, modern electric appliances, and a full size washer/

dryer in each unit.

Occupancy has remained high, typically operating at full capacity with a waiting list. There are seven corporate units.

The total capital expenditures over the past 5 years is $710,000 or $9,861/unit.

Attractive 3.74% interest only 10 year assumable financing

available

3,000 SF on 2.0 AC available for build-to-suit or ground lease in Hobbs' premier retail development located along its key retail corridor:

- Over 20,000 VPD along N. Lovington Hwy.

- Approx. 594 feet of frontage along N. Lovington Hwy.

- Located at signalized intersection (proposed)

- Multiple access points

- Building and monument signage available

- Shadow anchored by Walmart Supercenter

2,000 SF on 1.0 AC available for build-to-suit or ground lease in Hobbs' premier retail development located along its key retail corridor:

- Over 20,000 VPD along N. Lovington Hwy.

- Approx. 594 feet of frontage along N. Lovington Hwy.

- Located at signalized intersection (proposed)

- Multiple access points

- Building and monument signage available

- Shadow anchored by Walmart Supercenter

Up to +-10,000 SF of shop space available in Hobbs' newest retail development located along its key retail corridor:

- Over 20,000 VPD along N. Lovington Hwy.

- Approx. 594 feet of frontage along N. Lovington Hwy.

- Located at signalized intersection (proposed)

- Multiple access points

- Building and monument signage available

- Shadow anchored by Walmart Supercenter

1,500 SF for Tenant 4 Shop space and up to +-10,000 SF of contiguous shop space available in Hobbs' premier retail development located along its key retail corridor:

- Over 20,000 VPD along N. Lovington Hwy.

- Approx. 594 feet of frontage along N. Lovington Hwy.

- Located at signalized intersection (proposed)

- Multiple access points

- Building and monument signage available

Outparcel building - to be constructed.

Multi-tenant building with end-cap drive through.

Part of future redevelopment project with Kmart.

A to be constructed three tenant pad building along N. Grimes.

End-cap drive through available.

Trade area has a strong mix of retail, hotel and high daytime population

Hobbs is 7 miles from the Texas/New Mexico border and serves numerous surrounding communities

High income trade area with over $77,000 in the county

Property is minutes from:

EnergyPlex Park (9,000 acres serving 25 industries and 5 airports)

Lee County Event Center, the 2nd largest in the state hosing ±50 events per month

Zia Park Casino, a 154 key hotel, horse race track, restaurants and Ocotillo Golf Course

NM Junior College with over 3,200 students and 250 full-time employees

Zia Park Casino which has a 154 room hotel, horse race track, restaurants and Ocotillo Golf Course

> Freestanding restaurant for sale or lease

> Centrally located on a major retail arterial

> Existing drive thru opportunity

> Abundant complimentary food uses in close proximity

> Excellent visibility with frontage on Bender Blvd

> Exclusive pylon signage