Property Listing No Longer Available for Sale

2201 W Grand Avenue, Clovis, NM

Retail for Sale - $1,216,484 - 9,321 Sq. Ft. on 1.8 acres


Property Info

CIMLS#931091
Location
  2201 W Grand Avenue
  Clovis NM 88101
UpdatedAugust 8th, 2017
TypeRetail
Price$1,216,484
Building9,321 Sq. Ft.
Land1.8 acres

Property Description

KW Net Lease Advisors is pleased to present the opportunity to acquire a New Development, Corporately Guaranteed, Net Leased Dollar General located in Clovis, New Mexico. Dollar General signed a 15-Year Net Lease that has over 13 years remaining on the primary term.

The Subject Property is located along US HWY 84 in the southwestern part of Clovis, New Mexico. Nearby attractions include: CG Potter Memorial Park, Clovis Veterinary Hospital, and numerous residents (45,000 Residents within 5-Miles of the Property).

Location Description:

Clovis, NM is located at the intersection of US HWY 70 and HWY 84. Clovis has a population of 40,000 and has increased 20% since 2000. Clovis is home to Cannon Air Force Base, Eastern New Mexico University (5,574 Enrolled), and BNSF Railway operates a division point and large freight yard.

Broker of Record: Jennifer Stein JD, JDS Real Estate Services, Inc.

Highlights:

>> 15-Year Absolute NNN Lease


Financials

Sales Info:

>> Cap rate: 6.4%

>> NOI: $77855