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1011 W Avenue D
Lovington, NM 88260

$1,550,000 USD

Freestanding For Sale  •  20,104 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 20,104 SF
  • Lot Size 1 AC
  • Building Class C
  • Year Built 1975
  • Cap Rate 6.05 %
  • Tenancy Multiple
  • Zoning E
0 Transit Score
56 Walk Score

Highlights

New 10-Year Double-Net Lease through 2036 Following Early Renewal, Demonstrating Strong Tenant Commitment
Corporate Guarantee: Dollar Tree (NASDAQ: DLTR) | Fiscal Year 2025: $19.50 Billion
10,100-Square-Foot Vacancy Offers 11–12 Percent Pro Forma Cap Rate Upside (See Comps A and B)
New 20-Year Roof with Warranty Minimizes Future Capital Expenditures
Prime Location on West Avenue D with Strong National Retail Co-tenancy
Lovington, County Seat of Lea County, Provides Stable Government and Retail Demand

Property Flyers

Cap Rate: 6.05 %

Amenities

  • Signage
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 48
Type: Surface
Included in Rent: Yes
Daniel Greenamyre 913-680-7359 Marcus & Millichap
Daniel Greenamyre 913-680-7359 Marcus & Millichap