New Construction STNL Verizon | 10 Year Lease | Carlsbad, NM

Retail-Commercial for Sale
Catylist Listing ID: 30171288
Property Subtypes: Free-Standing Building
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Sale Price: $1,806,000
Unit Price: $602 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 6.35%
Last Updated: 10/19/2017

Overview / Comments

• New 10-Year Lease
• Ten Percent Rental Increases Every Five Years
• 2017 Construction
• Tenant is the Largest Verizon Retailer in the United States - 550+ Locations
• Infill Location Directly Off of Highway 285
• Strong Performing Location
• Adjacent to New Development

Attachments & Media

Additional Details

Nearest MSA: Carlsbad-Artesia
County: Eddy
Area Description: Carlsbad is a city in, and the county seat, of Eddy County, New Mexico. Carlsbad is located in the Chihuahuan Desert on the beautiful Pecos River at an elevation of 3,295 feet. The city, with its tree-lined streets, numerous public parks and recreation areas, including the municipal beach and greenway along Lake Carlsbad, originated as an oasis - “The Pearl on the Pecos.” Today, Carlsbad’s economy bene ts from the strong presence of Potash mining, oil and gas extraction, healthcare and government.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,445 24,828 28,447
Median Age: 39.02 38.32 38.37
Households: 4,599 9,798 11,144

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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