OfficeMax @ 900 E. Manana Blvd across from N. Plains Mall

The City of Clovis is located along the eastern boundary of central New Mexico and is 5 miles from the state line with Texas! The immediate trade area is within a 25 mile radius of the subject property. This means both New Mexicans and Texans are included as part of the economic power of Clovis. Clovis is one of New Mexico’s “Economic Islands” because it is the center for retail goods, services, medical, government, education, restaurants, entertainment, and hospitality for miles around. For example, Albuquerque, NM is over 200 miles to the west. Lubbock, TX is 100 miles to the southeast and Amarillo is 120 miles to the northeast. The immediate trade area population is 68,000 residents. This population base is the 25 mile radius (an approximate 35 minute drive) and 26,400 households, with an average income of $72,800 per year. This consumer base is larger than the population of Roswell and or Hobbs, NM. Extended trade area population is over 100,000 residents. The extended trade area encompasses nine counties and contains a population over 100,000 residents. A younger population and larger household size. These two unique demographic indicators reflect the up and coming nature of the community. The average age of the population at 33.2 years is 6 years or 16% younger than the average age of residents in New Mexico (39.9 years). Then the average household size is larger than typical for New Mexico. The average HH size for the Clovis trade area is 2.53 persons.Attractive investment opportunity. 8.5% cap rate. Price has recently been reduced. Across the street from new Ross, Marshalls, ULTA, Big R Stores, Shoe Dept.