Plaza @ Hobbs Station

Retail-Commercial for Lease
Catylist Listing ID: 29989179
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Status: Proposed
Contiguous Space: 1,950 - 54,325 SF
Total Available: 144,434 SF
Gross Building Area: See Agent
Gross Land Area: 30 Acres
Lease Rate: See Agent
Lease Types: See Agent
Last Updated: 2/16/2018

Overview / Comments

• Anchor Spaces: ±35,000 SF - ±150,000 SF
• Junior Anchor Spaces: ±10,000 SF - ±34,999 SF
• Shop Spaces: ±1,200 SF - ±9,999 SF
• Pad Sites: Available, contact broker

Land Area:
• ±30 Acres

Project Size:
• Phase I: ±220,000 SF
• Phase II: ±100,000 SF

Delivery Date:
• Summer 2018

• Commercial, City of Hobbs

• Located at Hobbs’ key retail intersection
• Over 20,000 VPD along N. Lovington
• Over 13,000 VPD on Joe Harvey
• Approx. 1,800 feet of frontage along N. Lovington Hwy.
• Located at signalized intersection
• Multi access points
• Two additional traffic signals proposed
• Building and monument signage available
• Join national area retailers: • Walmart Supercenter; • Lowe’s Home Improvement; • McDonald’s; • Starbucks; • Chili’s Grill & Bar

Expand All 17 Spaces Available

Suite: B-1 22,800 SF See Agent
Suite: B-10 5,000 SF See Agent
Suite: B-11 5,000 SF See Agent
Suite: B-2 10,000 SF See Agent
Suite: B-3 21,525 SF See Agent
Suite: B-4 5,000 SF See Agent
Suite: B-5 5,000 SF See Agent
Suite: B-6 5,000 SF See Agent
Suite: B-7 18,720 SF See Agent
Suite: B-8 5,000 SF See Agent
Suite: B-9 5,000 SF See Agent
Suite: Pad 1 7,028 SF See Agent
Suite: Pad 2 7,399 SF See Agent
Suite: Pad 3 2,167 SF See Agent
Suite: Pad 4 7,800 SF See Agent
Suite: Pad 5 4,195 SF See Agent
Suite: Pad 6 7,800 SF See Agent

Additional Details

Nearest MSA: Hobbs
County: Lea
Taxing Authority: City of Hobbs
Retail Clientele: General, Family, Business, Traveler, Recreation, Convention, Other
Property Located Between: NWC N. Lovington Hwy & Joe Harvey Blvd.
Property Visibility: Excellent
Largest Nearby Street: North Lovington Highway
Feet of Frontage: 1,800
Traffic/Vehicle Count: 33,600
Highway Access: Adjoins North Lovington Highway
Airports: Lea County Regional Airport
Site Description: Plaza @ Hobbs Station is located at the intersection of North Lovington Highway and Joe Harvey Boulevard. Tenants within the immediate area include Walmart Supercenter, Lowe's Home Improvement, The Home Depot and much more.
Area Description: Lea County is noted for its rich oil and natural gas reserves, attracting international oil-related companies such as ConocoPhillips, Chevron, Baker Hughes and Halliburton. Although the economy has benefited from the enormous wealth of the gas and oil reserves, the business community is diversified enough to create a balanced community with major stores mixed in with small, individually owned shops. The telecommunications business is booming, with Windstream Telecommunications, Baja Broadband and LEACO Rural Telephone Service prepared for new markets as Lea County continues to grow. Tourism is increasing in importance in Lea County, with several new national-brand motels and restaurants building to accommodate the casino and horse track. The casino and race track attract more than 2.2 million people per year to play, be entertained and watch world-class horse racing. This is the only non-Native American-owned casino built as a Las Vegas-style casino in New Mexico. Live horse racing is scheduled for the months of September through December in Hobbs. This time of the year has great weather for both the horses and spectators. There is always simulcast (televised) horse racing every day at the race track. The location of the URENCO USA uranium-enrichment facility in Lea County indicates the high-tech proficiency of the area. This $4 billion facility enriches uranium for nuclear power plants throughout the world, supporting continued clean and affordable electrical power. Several related industries also are expanding or relocating their businesses for the opportunities Lea County offers. Major cattle ranches and dairy farms dot the rural areas of Lea County along with agricultural farms that produce cotton, peanuts, chile, watermelon and pumpkins. The RMS Food processing plant located in Hobbs is a leading manufacturer of Boca Burger, a division of Kraft Foods, which markets many vegetarian and dietary substitutes made of soy for worldwide distribution. Because Lea County is one of the largest counties in New Mexico by area, there are still opportunities for growth and we invite prospective investors, businesses and manufacturers to consider locating or relocating to Lea County. Lea County offers assistance in planning, financing and several benefits to help build your economic base. Despite the impressive economic development, the most important aspect of doing business in Lea County is directly related to the residents. People in Lea County have a reputation for supporting locally owned and operated businesses. From independent oil producers to local shop owners, entrepreneurs are welcomed here. Industry in Lea County is diverse. The gas and oil industry, as well as a dynamic agricultural industry, have long-standing presences in the region, while the newest industry is tourism, with the additions of new restaurants, motels and entertainment destinations. More and more, high-tech companies are exploring the opportunities of Hobbs and Lea County, and the telecommunications business continues to flourish with the availability of super-fast fiber-optic lines throughout Lea County. The world needs more energy and we know energy diversity is the only way we’re going to solve the world’s energy challenges and to meet domestic demand. Only the EnergyPlex exemplifies the “all of the above” approach to energy security, with the petroleum, nuclear and renewables industries making their home right here in the EnergyPlex. The southeast corner of New Mexico has long been the cornerstone of the state’s energy economy. Energy companies locate their projects in the EnergyPlex because, for more than eight decades, we have worked in the research, production, processing and marketing of energy commodities. Energy is our heritage. It’s also our future.
Tenancy: Multiple Tenants
Total Number of Buildings: 7
Number of Stories: 1
Property Condition: Excellent
Parking Type: Surface
Parking Description: Ample surface parking throughout.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,665 30,819 38,977
Median Age: 36.95 32.81 31.83
Households: 1,782 11,108 13,776


Photograph of Listing Agent

Stephen Lyon, CCIM

Pegasus Group LLC
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