Dollar General - New NM Development - 5.25% Cap

5120 North Grimes Street Hobbs, NM 88242

5120 North Grimes Street, Hobbs, NM, 88242
5120 North Grimes Street, Hobbs, NM, 88242
FOR SALE
Property Type:
Street Retail
Amount:
$1,909,714
Last Verified:
Apr 19, 2021

Highlights

  • New Development Dollar General With 15 Years Remaining - Rent Set to Commence May of 2021
  • Absolute NNN Lease Requiring Zero Landlord Responsibilities
  • 1 Mile Population Experienced Rapid Increase of 22% from 2010 to 2020
  • Strong 5 Mile Demographics of 46,093 Residents
  • Affluent 1 Mile Community With Average Household Income at $96,758
  • Large Concrete Parking Lot
  • Located Within 1.5 Miles From Major Tenants Including: Home Depot, UPS Store, Tractor Supply, FedEx, Starbucks and More
  • Dollar General is a Recession-Proof & an Investment Grade Tenant With an S&P Credit Rating of BBB (the Same as Walgreens)

Description

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a brand new development Dollar General in Hobbs, NM. Rent commences May of 2021, leaving a full 15 years remaining.

Broker of Record - Brian Brockman - Bang Realty-New Mexico Inc. - NM# 20241

tbd


Year Built: 2021
Building Size: 9026sq ft
Lot Size: 1.3 acres

Map of 5120 North Grimes Street, Hobbs, NM, 88242

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.