Hobbs Junction

2140 N. Grimes St., Hobbs, NM 88240

— For Sale —

List Price$3.39MM

Size +/- 5,700 SF

Cap Rate 5.5%

Property Information

LOGIC Commercial Real Estate is pleased to exclusively offer for sale a new construction 3-tenant retail pad located within The Hobbs Junction, a +/- 94,095 SF regional retail shopping center located in Hobbs, NM. This +/- 5,700 SF building is 100% occupied by Dunkin’ Donuts (NASDAQ: DNKN), T-Mobile (NASDAQ:TMUS), and HotWorx. The asset is strategically located at the signalized three-way junction of N.Grimes St., W. Bender Blvd. and N. Lovington Hwy (Hwy 18), a main north-south commuter thoroughfare, with combined traffic counts exceeding +/- 51,799 CPD. The asset is shadow-anchored by notable national cotenants such as Ross, Marshalls, Petsmart, Aaron’s, Boot Barn, CVS Pharmacy, and more.

Hobbs is the largest city in southeastern New Mexico and is located 4-miles west from the New Mexico-Texas state border. The City of Hobbs services +/- 49,746 residents with an average household income of +/- $77,112 within a 10-mile radius. Located in Lea County, Hobbs is known for its rich oil and natural gas reserves, attracting companies such as ConocoPhillips, Chevron, and Baker Hughes. Tourism is a main economic driver to Lea County, with the Zia Park Casino & Racetrack drawing over 2.2 million people per year.

Contact

Shareholder

Adam Malan

Partner
Las Vegas
License S.0063542.LLC
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O 702.954.4105
C 702.449.1180
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Brokerage

Deana Marcello

Executive Vice President
Las Vegas
License S.0174174
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O 702.954.4104
C 702.375.1022
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