Restaurant

Texas Roadhouse | New Construction

4210 N Lovington Hwy, Hobbs, NM 88240

Listing Price: $2,090,909

Cap Rate
5.50%
Tenant Name
Texas Roadhouse
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
7,482
Lease Type
NNN Ground Lease
Rent Per Square Feet
$15.37

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a brand-new Texas Roadhouse located at 4210 N Lovington Hwy in Hobbs, New Mexico. The newly constructed site will consist of roughly 7,482 rentable square feet of building space on an approximate two-acre parcel. The investment property is subject to a brand new 10-year triple-net (NNN) Ground lease with three, five-year tenant renewal options.

Investment Highlights

  • Absolute 10 Year Triple-Net (NNN) Ground Lease
  • Brand New 2020 Construction
  • Has 10 Percent Increases Every Five Years – Including Through Option Periods

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Matt Reeves

    Senior Associate

    License(s): NM: 19583

    New Mexico

Restaurant

Texas Roadhouse | New Construction

Listing Price: $2,090,909

Cap Rate
5.50%
Tenant Name
Texas Roadhouse
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
7,482
Lease Type
NNN Ground Lease
Rent Per Square Feet
$15.37

Investment Highlights

  • Absolute 10 Year Triple-Net (NNN) Ground Lease
  • Brand New 2020 Construction
  • Has 10 Percent Increases Every Five Years – Including Through Option Periods

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a brand-new Texas Roadhouse located at 4210 N Lovington Hwy in Hobbs, New Mexico. The newly constructed site will consist of roughly 7,482 rentable square feet of building space on an approximate two-acre parcel. The investment property is subject to a brand new 10-year triple-net (NNN) Ground lease with three, five-year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Matt Reeves

    Senior Associate

    License(s): NM: 19583

    New Mexico

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