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Dollar General | New 15-Yr. NNN Lease with Increases in Base Term

1730 E Bender Blvd, Hobbs, NM 88240

Listing Price: $2,393,106

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.62

Investment Overview

Marcus & Millichap is pleased to Present Dollar General in Hobbs NM. Hobbs serves as a supply, shipping, and trading point for the oil-drilling industry and for the surrounding cattle ranches and artesian-irrigated farmlands. Potash deposits (40 miles [65 km] west-southwest) also contribute to the economy.
Hobbs is a city in Lea County, New Mexico, United States. Its population was 40,508 at the 2020 census,[4] increasing from 34,122 in 2010.
The first college in Hobbs opened in 1956. It was initially the First Baptist College, and in 1962, it became the College of the Southwest. The name was changed again to University of the Southwest in 2008. A second college, New Mexico Junior College, opened in 1966.
Hobbs is the principal city of the Hobbs, New Mexico micropolitan statistical area, which includes all of Lea County. Lea County Regional Airport serves Hobbs with one commercial passenger airline flying to it.
The largest industries in Hobbs are mining/quarrying and oil and gas extraction, followed by retail trade and educational services.

Investment Highlights

  • Brand New Build
  • 5% increases every 5 years in primary 15 year term
  • Growing population year over year

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Discount

Dollar General | New 15-Yr. NNN Lease with Increases in Base Term

Listing Price: $2,393,106

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.62

Investment Highlights

  • Brand New Build
  • 5% increases every 5 years in primary 15 year term
  • Growing population year over year

Investment Overview

Marcus & Millichap is pleased to Present Dollar General in Hobbs NM. Hobbs serves as a supply, shipping, and trading point for the oil-drilling industry and for the surrounding cattle ranches and artesian-irrigated farmlands. Potash deposits (40 miles [65 km] west-southwest) also contribute to the economy. Hobbs is a city in Lea County, New Mexico, United States. Its population was 40,508 at the 2020 census,[4] increasing from 34,122 in 2010. The first college in Hobbs opened in 1956. It was initially the First Baptist College, and in 1962, it became the College of the Southwest. The name was changed again to University of the Southwest in 2008. A second college, New Mexico Junior College, opened in 1966. Hobbs is the principal city of the Hobbs, New Mexico micropolitan statistical area, which includes all of Lea County. Lea County Regional Airport serves Hobbs with one commercial passenger airline flying to it. The largest industries in Hobbs are mining/quarrying and oil and gas extraction, followed by retail trade and educational services.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

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