1620 Prince StClovis, NM 88101

Property Details for 1620 Prince St

Year built

1992

Lot size

0.34 AC

Property size (Sq ft)

9,530 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 9,530 square foot, single-tenant, absolute NNN leased storefront located at 1620 N Prince St, Clovis, NM 88101. The property, built in 1992 and situated on a 0.344-acre lot, boasts a strong 7.00% cap rate and a low price per square foot of $67.01, totaling $638,650. The property features a corporate guarantee from Aaron's Company, Inc. (NYSE: AAN), providing significant investment security. The current lease, commencing August 30, 2004, has a remaining term of approximately 5 years, expiring November 29, 2029, with two 5-year renewal options at a 10% rent increase each. The property benefits from high visibility on Clovis's main retail corridor, experiencing 18,343 vehicles per day. The tenant, Aaron's, has occupied the space since 2005, demonstrating a long-term commitment to the location. The Net Operating Income (NOI) is $44,699. This Class C property offers a secure, low-maintenance investment with a strong tenant and excellent location within a growing market served by major employers including Cannon Air Force Base and Lockheed Martin. The average household income within a one-mile radius is $64,679, projected to increase by 13.63% in the next five years. This is an ideal opportunity for investors seeking a stable, triple-net lease investment with significant upside potential.

Location Insight

City

Clovis

County

Curry

State

New Mexico

Latitude

34.4148

Longitude

-103.197

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].