3600 N LOVINGTON HWY Hobbs NM 88240-1022

Strategically Located – National retailers in the area include Walmart, Lowes, Home Depot, Aspen Dental, Discount Tire, Applebee’s, McDonald’s, and Starbucks to name a few.

High Traffic Counts – North Lovington Highway benefits from over 19,000 vehicles per day and Joe Harvey Boulevard sees over 11,500 vehicles daily.

Affluent Area – The average household income within a 1-mile radius is over $110,000.

College Town – New Mexico Junior College and the University of the Southwest are both less than 10 minutes away from the subject property, driving approximately 2,700 students to the area.

Covenant Health Hospital Development – The 65 million dollar development is anticipated to open in September 2022 and is located ±3-miles away from the IHOP. The modern facility will feature 60 beds, a patient tower, a dedicated women’s center, an emergency department, an intensive care unit, and operating rooms which will create jobs and drive additional traffic into the area.

Top IHOP Franchisee – Romulus has consistently ranked in the “Franchisee Top 100” by the Restaurant Finance Monitor and received numerous awards from IHOP corporate including Franchisee of the Year. Currently, Romulus operates over 100 IHOP restaurants in Arizona, Idaho, Pennsylvania, Oklahoma, Kansas, Texas, New Mexico, Indiana, Illinois, Tennessee, and Ohio.

24-Hour Operating Schedule – The subject property is a 24-hour location that provides the ability to service customers at all times of the day, contributing to the restaurant’s performance.

Absolute Triple Net (NNN) Lease – The tenant is responsible for paying all Taxes, Insurance, and Maintenance, providing an investor complete passive ownership.

National Tenant – IHOP, a subsidiary of DineEquity, INC. is one of the largest casual dining restaurant chains in the world with over 1,750 locations.