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Shopping Strip

Colonial Plaza

4001 N Prince St, Clovis, NM 88101

Listing Price: $4,750,000

Cap Rate
7.41%
Gross SF
26,200
Rentable SF
26,200
Price/Gross SF
$181.30
Lot Size
1.56 acres
Year Built
2000

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Colonial Plaza in Clovis, NM 88101. This property located directly across the street from the Walmart Supercenter on N Prince St, which boasts 13,351 VPD. The 2000 build is comprised of 5 retail suites, one of which is vacant (91 percent occupancy). The centers is located in a dense retail corridor - nearby retailers and points of interest include Walmart, Lowe's, Dollar Tree, McDonald's, Starbuck's, Colonial Park Golf Course, and the North Plains Mall. Clovis is home to the nearby Cannon Air Force Base, which has a large impact on the community, and Southwest Cheese Company, one of the largest cheese processing plants in the country.

Investment Highlights

  • Walmart-Shadowed Retail Center
  • Value-Add Component: 7.41 Percent Going in CAP, with 8.61 Percent Pro Forma CAP
  • Priced at $181/SF, Below the Cost of Replacement
  • Population of 40,835 within 5 Miles
  • Average Household Income of $61,932 within 5 Miles
  • 13,351 VPD on N Prince St

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Shopping Strip

Colonial Plaza

Listing Price: $4,750,000

Cap Rate
7.41%
Gross SF
26,200
Rentable SF
26,200
Price/Gross SF
$181.30
Lot Size
1.56 acres
Year Built
2000

Investment Highlights

  • Walmart-Shadowed Retail Center
  • Value-Add Component: 7.41 Percent Going in CAP, with 8.61 Percent Pro Forma CAP
  • Priced at $181/SF, Below the Cost of Replacement
  • Population of 40,835 within 5 Miles
  • Average Household Income of $61,932 within 5 Miles
  • 13,351 VPD on N Prince St

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Colonial Plaza in Clovis, NM 88101. This property located directly across the street from the Walmart Supercenter on N Prince St, which boasts 13,351 VPD. The 2000 build is comprised of 5 retail suites, one of which is vacant (91 percent occupancy). The centers is located in a dense retail corridor - nearby retailers and points of interest include Walmart, Lowe's, Dollar Tree, McDonald's, Starbuck's, Colonial Park Golf Course, and the North Plains Mall. Clovis is home to the nearby Cannon Air Force Base, which has a large impact on the community, and Southwest Cheese Company, one of the largest cheese processing plants in the country.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

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