STRIPES - NNN Net Lease Property for Sale
Hobbs, NM
Key Investment Metrics
Price
$3,715,000
Cap Rate
5.7%
Net Operating Income
$210,000
Building Size
15120 SF
Lot Size
6,110 SF
Land Area
1.8 Acres
Year Built
2000
Occupancy
100%
Tenancy
Single
About This STRIPES Net Lease Property
This STRIPES NNN (triple net lease) property is located in Hobbs, NM and represents an excellent investment opportunity for commercial real estate investors. The property features 15120 square feet of building space and was built in 2000.
With a cap rate of 5.7%, this STRIPES net lease property offers stable income potential. The asking price is $3,715,000, making it an attractive option for 1031 exchange investors seeking quality STRIPES commercial properties.
Why Invest in STRIPES NNN Properties?
- Stable Income: STRIPES net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: STRIPES is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Hobbs, NM Market Overview
Located in Hobbs, NM, this STRIPES property benefits from strong local demographics and market fundamentals. The Hobbs area offers excellent visibility and accessibility, making it an ideal location for STRIPES operations and a solid investment for net lease property buyers.