Hilltop Plaza Shopping Center

Price: $4,684,000
Sq. Ft.: 69,613
Cap Rate: 7.0%
Pro Forma Cap Rate: 11.2%
Built: 1967/2012

Hilltop Plaza Shopping Center is a 69,613-square foot, multi-tenant retail center with significant upside potential located in Clovis, New Mexico. The center is currently 76 percent occupied with a complementary mix of tenants, and approximately 73 percent of the gross leasable area has triple-net leases. Tenants include Go Fitness, Interim Healthcare, Kirby Company, Little Caesar’s Pizza, VIP Nails and Spa, Nutrition Break, The Optical Center, National Truck Services, and Options Home Health. Originally constructed in 1967 with extensive renovations in 2012, the center is situated on a large 7.01-acre lot.

  • 69,613-Square Foot, Value Add Multi-Tenant Retail Center
  • 76% Occupied | 73% of the Gross Leasable Area has Triple-Net Leases
  • Tremendous Upside Potential | Pro Forma Cap Rate is 11.2%
  • Priced at $67 per Square Foot | Well Below Replacement Cost
  • Tenant Base is a Complementary Mix of Service-Oriented Businesses
  • Situated on a Large 7.1-Acre Lot with Ample Paved Parking
  • Located at the Signalized Hard Corner of North Main Street and West 21st Street | Easily Accessible from Multiple Ingress and Egress Points from Both Streets and from  Mitchell Street on the Western Side of the Property
  • Close Proximity to Numerous National and Regional Tenants Including Hobby Lobby, Dollar General, Albertson’s Market, Big Lots, Ashley HomeStore, and Harbor Freight Tools
  • Approximately 1.5 Miles Southwest of  North Plains Mall, the Only Enclosed Regional Mall within a 95-Mile Radius | Anchored by Dillard’s, JCPenney, and Stage
  • Clovis Serves as the Regional Hub to a Population of More Than 120,000 People
  • Home to Cannon Air Force Base | Approximately 5,800 Military and Civilian Personnel
  • Home to Southwest Cheese, One of the Largest and Most Successful Cheese and Whey Protein Manufacturers in the World