Discount
Dollar General
1114 S Dal Paso St, Hobbs, NM 88240
Listing Price: $1,479,559
Investment Overview
The subject property is a Dollar General built in 2021 in Hobbs, NM. Dollar General signed a fifteen-year absolute triple net lease with 10% increases in each of the three, five-year options. Dollar General (NYSE: DG), a publicly traded company with an investment grade credit rating of “BBB” by Standard & Poor’s, has an annual revenue north of $40.16 billion.
Dollar General
Investment Highlights
- Hobbs, with a population of 54,000, is the largest city in Lea County, which remains the top oil-producing county in the U.S. as of 2023.
- Located in the heart of the Permian Basin, the region's economy is primarily driven by oil, gas, and agriculture.
- Lea County is one of the fastest-growing counties in New Mexico, ranking among the top three.
- This property sits on a corner lot off South Dal Paso St, one of the main thoroughfares in Hobbs, and sees over 8,000 vehicles per day.
- Tenant is the Nation's largest discount retailer with over 20,000 locations in 48 states | Ranked 106 on the Fortune 500 list in 2022.
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,479,559
Investment Highlights
- Hobbs, with a population of 54,000, is the largest city in Lea County, which remains the top oil-producing county in the U.S. as of 2023.
- Located in the heart of the Permian Basin, the region's economy is primarily driven by oil, gas, and agriculture.
- Lea County is one of the fastest-growing counties in New Mexico, ranking among the top three.
- This property sits on a corner lot off South Dal Paso St, one of the main thoroughfares in Hobbs, and sees over 8,000 vehicles per day.
- Tenant is the Nation's largest discount retailer with over 20,000 locations in 48 states | Ranked 106 on the Fortune 500 list in 2022.
Investment Overview
The subject property is a Dollar General built in 2021 in Hobbs, NM. Dollar General signed a fifteen-year absolute triple net lease with 10% increases in each of the three, five-year options. Dollar General (NYSE: DG), a publicly traded company with an investment grade credit rating of “BBB” by Standard & Poor’s, has an annual revenue north of $40.16 billion.
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Financing By
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