1011 W Avenue D | Lovington, NM 88260
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- LoopNet Team
1011 W Avenue D
Lovington, NM 88260
Dollar Tree Center · Retail Property For Sale
Investment Highlights
- Freestanding retail building, approximately 50%-occupied by Dollar Tree on a long-term lease.
- Situated along Lovington's dominant retail corridor with strong traffic counts exceeding 5,480 vehicles per day.
- Located across the street from the trade area's only grocer and daily-needs retailer, Bob's Super Market.
- Immediate upside potential through leasing the vacant space for restaurant, retail, warehouse, or showroom use.
- The tenant is COVID-resistant, being an essential business with grocery, there is limited competition in the market, and they are paying full rent.
- An approximately $30,000 parking lot overlay was completed in September 2020, and a new rubber membrane roof was completed in 2013.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
20,104 SF
Building Class
C
Year Built/Renovated
1975/2013
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.46
Lot Size
1.00 AC
Zoning
E - Economic
Parking
48 Spaces (2.39 Spaces per 1,000 SF Leased)
Frontage
150 ft on Avenue D
Amenities
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 4000219610001 | Improvements Assessment | $352,972 |
| Land Assessment | $10,834 | Total Assessment | $363,806 |
PROPERTY TAXES
Parcel Number
4000219610001
Land Assessment
$10,834
Improvements Assessment
$352,972
Total Assessment
$363,806
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