7-Eleven NNN — Hobbs, NM
$2,447,273 · 5.50% CAP · 15.4 YRS
Hobbs 7-Eleven is $2,447,273 at 5.5% on a corporate Absolute NNN that still has 15.4 years. Five-year intervals step rent 10% on $134,600 of NOI.
Lease Abstract
- Price
- $2,447,273
- Cap rate
- 5.50% CAP
- NOI
- $134,600
- Term remaining
- 15.4 YRS
- Lease type
- Absolute NNN
- Increases
- 10% every 5 years
- Guarantee
- Corporate
Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.
Location
Hobbs, New Mexico. Full address and offering memorandum released on request — see our 7-Eleven tenant guide for the underwriting context.
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Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.
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