Aaron's

1620 North Prince Street, Clovis, NM 88101

  • For Sale $638,650
  • Property Type Retail - Street Retail
  • Property Size 9,530 SF
  • Lot Size 0.34 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1992
  • Date Updated Oct 30, 2024
Clovis is location near the border with Texas and serves a large area of approximately 120,000 people. The major employers include Cannon Air Force Base, Lockheed Martin, Cummins Diesel & Natural Gas, Clovis Community College and more. The main industries are agriculture, military and railroad.This offering provides for a secure investment opportunity with a true triple net (NNN) lease, ensuring zero landlord responsibilities. Positioned on Clovis City's main retail corridor, the property benefits from high visibility with an impressive 18,343 vehicles per day (VPD) and is surrounded by major national retailers. The investment is corporately guaranteed by The Aaron's Company, Inc. (NYSE: AAN), adding stability and credibility. Aaron's has operated at this location since 2005, and exercised their option early beginning December 1, 2024 through November 30, 2029, with two additional options for a 10% rent increase each.

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Highlights

  • True Triple Net (NNN) Lease—ZERO landlord responsibilities, making it an excellent option for a 1031 Exchange
  • Low base rent of only $4.26/SF
  • Situated on Prince Street, Clovis City's main retail corridor, with major retailers located on the same street
  • Corporately-guaranteed (not a Franchisee) investment Property by the Aaron's Company, Inc. (NYSE: AAN). Currently, Aaron's is under agreement to be purchased by an private equity group for $504 million.
  • Early exercise of a 5-year option ending on November 30, 2029, with two additional options for a 10% increase every 5 years
  • The property has been successfully operated by Aaron's since its construction in 2005.
  • High visibility with 18,343 VPD passing by this location
  • Average 1-mile household income of $64,679 and is expected to increase by 13.63% in the next 5 years

Contacts

broker

Elliott Kyle

Skyline Seven Real Estate

Location

Getting Around

  • Walk Score ®

    74/100 Very Walkable

  • Bike Score ®

    57/100 Bikeable
Powered by Walk Score ®
  • City Clovis, NM
  • Zip Code 88101

Points of Interest

  • Valero

    1.01 miles

  • Conoco

    1.29 miles

  • Chevron

    1.35 miles

  • Walmart

    1.54 miles

  • Phillips 66

    9.15 miles

  • Domino's

    0.17 miles

  • Sonic

    0.28 miles

  • IHOP

    0.30 miles

  • KFC

    0.38 miles

  • Taco Box

    0.66 miles

  • Taco Bell

    0.78 miles

  • A&W

    1.17 miles

  • Foxy's Drive-In

    1.17 miles

  • Long John Silver's

    1.17 miles

  • DQ Grill & Chill

    1.19 miles

  • Big Lots

    0.40 miles

  • North Plains Mall

    0.74 miles

  • JCPenney

    0.81 miles

  • Walmart Supercenter

    1.59 miles

  • Cannon Shoppette

    7.65 miles

  • Cannon AFB Commissary

    7.83 miles

Frequently Asked Questions

How much does Aaron's cost?

The space currently listed for sale at Aaron's asks for $638,650.

What is the total square footage of Aaron's?

Aaron's totals 9,530 square feet.

When was this property built?

Aaron's was built in 1992.

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Contact Listing Broker

broker

Elliott Kyle

Skyline Seven Real Estate