Discount
Dollar General | New 15-Yr. NNN Lease with Increases in Base Term
1024 Hogue Pl, Hobbs, NM 88240
Listing Price: $2,319,798
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
Discount
Dollar General | New 15-Yr. NNN Lease with Increases in Base Term
Listing Price: $2,319,798
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
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Ryan Sarbinoff
First Vice President/Regional Manager
