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925.263.2088 | 925.263.2089
415.385.7381
Brand New Starbucks
Hobbs, NM
1824 W. Joe Harvey Blvd Hobbs, NM 88240

Price: $1,760,000
CAP (%): 5
NOI: $88,000
Building Size: 1,752 Sqft
Lot Size: 0.55 Acres
Lease Commencement: 2014
Status: Active

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This brand new, Starbucks drive-thru is located outparcel to a 24 hr Walmart Supercenter at the intersection of West Joe Harvey and Hwy 18.    Nearby tenants include: Lowe's, McDonald's, Ihop, Taco Bell, and nationally recognized lodging such as: Holiday Inn Express, Quality Inn & Suites, Marriott.   

Hobbs, New Mexico is cited by Forbes as one of the fastest growing small communities in the nation with a population that has increased by over 19% since the 2000 Census.  Hobbs serves as the transportation hub for Lea County. The influx of new industry and business development to the region and a population that continues to increase, provides for high expectations for the area.

Starbucks Coffee is the premier roaster and retailer of specialty coffee in the world. Starbucks also sells coffee and tea products and licenses its trademark through other channels. The Company*s brand portfolio includes Tazo teas, Starbucks Hear Music CD*s, Seattle*s Best Coffee, and Torrefazione Italia. They operate 17,651 retail locations in 60 countries with $13.3 billion in sales. Comparable same store sales growth in 2012 was 7%.  Starbucks  was formed in 1985 and its common stock trades on the NASDAQ.  S&P rated A-.




Contact

LemRx Realty Advisors:
Dan Lem
dan@lemrx.com
Mobile: 415.385.7381

Direct:
925.263.2088 | 925.263.2089

EFAX: 415.723.7463

Office Address:
9000 Crow Canyon Rd. Ste. S-285 Blackhawk, CA 94506