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1115 S Dal Paso St
Hobbs, NM 88240

$2,447,273 USD

Service Station For Sale  •  6,110 SF

Property Details

• Property Type Service Station
• Total Building Size 5,358 SF
• Lot Size 0.5 AC
• Building Class C
• Year Built 2000
• Cap Rate 5.50 %

30 Walk Score

Highlights

7-Eleven lease extended through 2041 with 10% rent increases every 5 years

7-Eleven carries an A- S&P credit rating, strongest among U.S. convenience store operators

NNN lease — both tenants reimburse taxes, insurance, repairs, and maintenance

Located in Lea County, the #1 oil-producing county in the U.S. with 1M+ barrels/day

Near Highway 62 & Highway 18 with 20,000+ combined vehicles per day

Nipa Hut signed new 5-year lease at $7.17 PSF, well below market rents

Cap Rate:

5.50 %