INVESTMENT HIGHLIGHTS

DESIRABLE LOCATION

• Walmart Shadow — The subject property is adjacent to the only Walmart Supercenter in the city.
• Home Depot Outparcel — Anytime Fitness is strategically outparceled to Home Depot and it is near other major retailers like Walmart, Walgreens, and Lowe’s. This can provide a steady flow of customers to the gym and increase the likelihood of a long-term tenant.

INDUSTRY HIGHLIGHTS

• Anytime Fitness is a popular fitness franchise with over 4,000 locations worldwide. Anytime Fitness is a 24-hour gym franchise that offers members access to its gyms at any time of the day or night, which has contributed to its rapid growth and popularity.
• The fitness industry is a large and growing market with global revenues estimated to be around $96.7 billion in 2019, according to the International Health, Racquet & Sportsclub Association (IHRSA).

FAST-GROWING AREA

• Strong economy — Hobbs is a growing city with a strong economy. The city’s economy is driven by the oil and gas industry, which has been expanding in recent years. This has led to job growth and increased demand for housing, retail, and other services.
• Strategic location — Hobbs is located near major highways, making it a strategic location for transportation and logistics. It is also located near the Texas-New Mexico border, which can provide access to a larger customer base.
• Growing population — Hobbs has a growing population, which has increased by over 25% in the last decade. This growth is expected to continue, which can create more demand for housing, retail, and other services.

TRIPLE-NET LEASE

• Attractive cap rate — A 7.55% cap rate is considered to be a relatively high rate of return for a commercial property investment.
• Absolute NNN Lease w/ No Landlord Responsibilities — Absolute NNN Anytime Fitness Located at the Heavily Trafficked North Grimes Street (16,484 Vehicles Per Day) and Joe Harvey Boulevard (20,042 Vehicles Per Day).