Bel Aire Shopping Center

Price: $3,595,000
Sq. Ft.: 77,971
Cap Rate: 8.50%
Built: 1959

Bel Aire Shopping Center is a 77,971-square foot multi-tenant retail center in Hobbs, New Mexico. The center is 91 percent occupied, with upside potential in filling the vacant space and converting all leases to triple-net. Anchored by Big Lots and Family Dollar, other tenants consist of Thrifty Nickel/Dash for Cash, American Cash Loans, Elite Nails, EClips, Watermill Express, Edward Jones, Rent A Center, Zia Chiropractic, Gold Creek Homes, Paul Waddell, Verizon and Tokyo Japanese Steak House. The building was constructed in 1959 and sits on 8.68 acres.