Multi-Tenant Investment

Retail-Commercial for Sale
Catylist Listing ID: 30585559
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 5,400 SF
Sale Price: $2,500,000
Unit Price: $462.96 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Usable Size (USF): 5,400 SF
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 6/22/2020

Overview / Comments

Property Features:
• Building Size: 5,400 SF
• NOI: $150,000.00
• CAP Rate: 6%
• Lease Type: NNN
• New Construction
• Strong Tenant Mix
• Central Location- Fronts Canal St. and Greene St.
• VPD: 10,356 on Canal St. | 17,346 on W. Greene St.

Additional Information:
Two Tenant NNN investment opportunity located at a key intersection in Carlsbad, NM. The leases in place provide for little to no landlord involvement during the primary term of the leases. The investment property can be easily managed from outside the area and the newly constructed building should provide for little maintenance for the foreseeable future.

Current Tenants

Tenant Business Name Encompass Home Health & Hospice
Is Renting? Yes
Tenant Notes At Encompass Health, we are committed to delivering the highest quality care to our patients. From inpatient rehabilitation to home-based care, we’re with our patients for every step of their post-acute journey. Our clinical collaboration and cutting-edge treatments ensure patients receive the best care for their needs at all times. We’re proud to say our approach helps patients achieve better outcomes. Inpatient Rehabilitation:Our hospitals help our patients get better faster with the most innovative and advanced rehabilitation therapies and technologies. Home Health: Working together as a coordinated team, we are committed to ensuring a seamless experience for our patients’ in-home care. Hospice Care: We are dedicated to giving our patients and their caregivers the support and guidance they need during the final stages of life.
Tenant Business Name Domino's Pizza
Is Renting? Yes
Tenant Notes From humble beginnings as a single pizza restaurant in 1960, Domino’s has become today’s recognized world leader in pizza delivery. At Domino’s we’re all about pizza — and from the day our doors opened, we have dedicated ourselves to making and delivering delicious food with high-quality ingredients. Beyond pioneering the concept of efficiently delivering our made-to-order pizzas, we have been a part of innovations that have made a significant impact on the entire food delivery industry. Domino’s innovations help us better deliver on our promise to bring customers great pizzas, pasta, sandwiches, desserts, and drinks as efficiently as possible.

Additional Details

Nearest MSA: Carlsbad-Artesia
County: Eddy
Tax ID/APN: 4-157-127-275-383
Zoning: COMMERCIAL
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: W. Greene St |17,346 VPD
Traffic/Vehicle Count: 17,346
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,500 SF
Property Condition: Excellent
Year Built: 2018

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,260 24,374 31,218
Median Age: 35.37 37.48 38.15
Households: 3,291 9,556 12,146

Contact

Photograph of Listing Agent

Jake Redfearn

NAI 1st Valley Realty CARNM CIE Member
Photograph of Listing Agent

Jacob Slavec

NAI 1st Valley CARNM CIE Member
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