2905 N Prince St
Newly constructed dual drive-thru 7 Brew Coffee in Brownwood, Texas, offered at $1,683,000 at a 6.00% cap ($101,000 NOI). The single-tenant asset is secured by a 15-year absolute NNN ground lease with 10% rent increases every five years and zero landlord responsibilities. The structure is fully passive and management-free, which suits out-of-state and 1031 buyers.
Built in 2025, the 510 SF building sits on a 44,431 SF (1.02-acre) C-1 parcel with 12 parking spaces along Commerce Street (US-84/US-377), Brownwood's primary commercial corridor. The trade area is anchored by Walmart Supercenter, Home Depot, and United Supermarkets, with neighboring national QSR brands such as Chick-fil-A, McDonald's, Whataburger, and Starbucks. About 36,000 residents live within ten miles.
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Single-tenant retail investment at 2905 N Prince Street, Clovis, New Mexico, offered at $600,000 at an 8.00% cap ($48,000 NOI). The 1,600 SF Class B strip-center space is fully occupied by a stable tenant paying $1,600 per month plus NNN expenses through August 2029, delivering dependable cash flow with minimal management burden.
Situated on 0.11 acres (CG zoning) along North Prince Street, one of Clovis's primary commercial corridors, the property commands excellent visibility at the intersection with East Manana Boulevard, which carries nearly 18,000 vehicles daily. The location benefits from proximity to NM Highway 60, a major regional route serving eastern New Mexico's agricultural, logistics, and military sectors anchored by Cannon Air Force Base. The interior is well designed for retail or service use, with a reception area, open showroom, manager's office, storage room, and two restrooms. Ten on-site parking spaces and in-place utilities support convenient access and operations.
The trade area supports over 38,000 residents within five miles, average household incomes exceeding $70,000, and more than 16,000 daytime employees, positioning this as a stable, income-producing asset in the eastern New Mexico market.
- 8.00% cap rate with stable tenant through August 2029
- Tenant pays $1,600/month plus NNN; minimal landlord involvement
- Prime visibility at high-traffic intersection (18,000 vehicles daily)
- Near Cannon Air Force Base and NM Highway 60
- Strong demographics: 38,000+ residents, $70,000+ average household income
More property details
Location
Located along North Prince Street, one of the main commercial corridors in Clovis, this approximately 1,600-square-foot investment property presents a strong income-producing opportunity with an 8% cap rate and stable cash flow from an existing tenant paying $1,600 per month plus NNN expenses through August 2029. The property enjoys excellent visibility and frontage near the intersection of North Prince Street and East Manana Boulevard, which sees nearly 18,000 vehicles daily, while also benefiting from close proximity to NM Highway 60, a major regional route supporting eastern New Mexico’s agricultural, logistics, and military-driven economy centered around Cannon Air Force Base and the greater Clovis trade area. Situated on approximately 0.11 acres with CG – Commercial General zoning, the site includes utilities already in place, convenient ingress and egress access, and roughly 10 on-site parking spaces. The interior layout is well designed for retail or service-oriented use, featuring a reception area, open showroom space, manager’s office, inventory/storage room, and two restrooms. Supported by strong surrounding demographics that include a population of more than 38,000 residents within a five-mile radius, average household incomes exceeding $70,000, and over 16,000 daytime employees, the property offers investors a dependable and well-positioned asset within the eastern New Mexico market.