Shopping Strip
Bel Aire Shopping Center
931 E Bender Blvd, Hobbs, NM 88240
Listing Price: $4,400,000
Investment Overview
Bel Aire Shopping Center is a 74,146-square foot, multi-tenant retail center in Hobbs, New Mexico. The center is 90 percent occupied, with upside potential in filling the vacant space and converting all leases to triple-net. Anchored by Big Lots and Family Dollar, other tenants consist of Tokyo Japanese Steak House, Aka To Kuro Martial Arts, Verizon, Zia Chiropractic, E-Clips, CBD American Shahman, Kingz Barbershop, Elite Nails, Watermill Express, and Erika Becerra Lashes. The building was constructed in 1959 and sits on a large 8.68-acre lot with ample parking.
Bel Aire Shopping Center
Investment Highlights
- Value-Add, 74,146-Square Foot, Multi-Tenant Retail Center
- 90% Occupied | 50% of the Gross Leasable Area has Triple-Net Leases
- Significant Upside Potential in Filling the Vacant Space and Converting All Leases to Triple-Net
- Anchored by Big Lots and Family Dollar | Both Tenants Recently Extended Their Lease Terms for Five Years
Exclusively Listed By
Broker of Record
-
Matt Reeves
Senior AssociateLicense(s): NM: 19583
New Mexico
Listing Price: $4,400,000
Investment Highlights
- Value-Add, 74,146-Square Foot, Multi-Tenant Retail Center
- 90% Occupied | 50% of the Gross Leasable Area has Triple-Net Leases
- Significant Upside Potential in Filling the Vacant Space and Converting All Leases to Triple-Net
- Anchored by Big Lots and Family Dollar | Both Tenants Recently Extended Their Lease Terms for Five Years
Investment Overview
Bel Aire Shopping Center is a 74,146-square foot, multi-tenant retail center in Hobbs, New Mexico. The center is 90 percent occupied, with upside potential in filling the vacant space and converting all leases to triple-net. Anchored by Big Lots and Family Dollar, other tenants consist of Tokyo Japanese Steak House, Aka To Kuro Martial Arts, Verizon, Zia Chiropractic, E-Clips, CBD American Shahman, Kingz Barbershop, Elite Nails, Watermill Express, and Erika Becerra Lashes. The building was constructed in 1959 and sits on a large 8.68-acre lot with ample parking.
Exclusively Listed By
Broker of Record
-
Matt Reeves
Senior AssociateLicense(s): NM: 19583
New Mexico
