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Shopping Strip

Hilltop Plaza Shopping Center

2300 N Main St, Clovis, NM 88101

Listing Price: $4,237,000

Cap Rate
4.86%
Gross SF
69,613
Rentable SF
69,613
Price/Gross SF
$60.87
Lot Size
7.01 acres
Year Built
1967

Investment Overview

Hilltop Plaza Shopping Center, located at 2300 North Main Street, Clovis, New Mexico, is a heavy value-add retail center comprised of 69,613 square feet of gross leasable area on a 7.01-acre lot. Priced at $61 per square foot, significantly below replacement cost, the property is currently 41 percent leased presenting an excellent investment opportunity for future upside. The tenant base is a mix of national, regional, and local retailers, including Interim Healthcare, Little Caesar's, Armstrong McCall, The Optical Center, Fortitude Fitness, Sierra Truck Licensing, and others. Little Caesar's end cap suite features a drive-through window.

The shopping center is strategically situated near the signalized hard corner of North Main Street and West 21st Street, providing high visibility and access in a primary retail trade area. Its location ensures significant foot traffic and positioning in a well-established commercial zone, enhancing the potential for future tenant demand and long-term value. Nearby retailers include S & S Supermarket, Family Dollar, Dairy Queen, Hobby Lobby, Albertsons Market, Harbor Freight, Dollar General, IHOP, and more. The surrounding area has an estimated population of 40,328 within a five-mile radius, providing a solid consumer base with diverse demographics.

Investment Highlights

  • Heavy Value-Add Opportunity | 14.38% Pro Forma Cap Rate
  • Prime Location on Large 7.1-Acre Parcel
  • Dense Retail Trade Area
  • City is a Regional Hub to 120,000+ People

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

Hilltop Plaza Shopping Center

Listing Price: $4,237,000

Cap Rate
4.86%
Gross SF
69,613
Rentable SF
69,613
Price/Gross SF
$60.87
Lot Size
7.01 acres
Year Built
1967

Investment Highlights

  • Heavy Value-Add Opportunity | 14.38% Pro Forma Cap Rate
  • Prime Location on Large 7.1-Acre Parcel
  • Dense Retail Trade Area
  • City is a Regional Hub to 120,000+ People

Investment Overview

Hilltop Plaza Shopping Center, located at 2300 North Main Street, Clovis, New Mexico, is a heavy value-add retail center comprised of 69,613 square feet of gross leasable area on a 7.01-acre lot. Priced at $61 per square foot, significantly below replacement cost, the property is currently 41 percent leased presenting an excellent investment opportunity for future upside. The tenant base is a mix of national, regional, and local retailers, including Interim Healthcare, Little Caesar's, Armstrong McCall, The Optical Center, Fortitude Fitness, Sierra Truck Licensing, and others. Little Caesar's end cap suite features a drive-through window. The shopping center is strategically situated near the signalized hard corner of North Main Street and West 21st Street, providing high visibility and access in a primary retail trade area. Its location ensures significant foot traffic and positioning in a well-established commercial zone, enhancing the potential for future tenant demand and long-term value. Nearby retailers include S & S Supermarket, Family Dollar, Dairy Queen, Hobby Lobby, Albertsons Market, Harbor Freight, Dollar General, IHOP, and more. The surrounding area has an estimated population of 40,328 within a five-mile radius, providing a solid consumer base with diverse demographics.

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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