Shopping Strip
Hilltop Plaza Shopping Center
2300 N Main St, Clovis, NM 88101
Listing Price: $4,237,000
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
Financing By
Listing Price: $4,237,000
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
Financing By