Shopping Strip

Domino's Pizza & Encompass Health

218 S Canal St, Carlsbad, NM 88220

Listing Price: $2,312,431

Cap Rate
6.49%
Gross SF
5,400
Rentable SF
5,400
Price/Gross SF
$428.23
Lot Size
0.62 acres
Year Built
2018

Investment Overview

Available for sale is a new construction, two-tenant NNN investment opportunity in Carlsbad New Mexico. The subject property is located at a hard corner and lit intersection along bustling Canal Street, the primary retail and service corridor within Carlsbad. The leases in place provide minimal landlord responsibility, making it easily to manage from wherever the investor resides. The property features two strong, essential tenants which makes for a high-quality, low-risk asset and provides stability in an uncertain market. 12+ Years remain on Dominos, with 2 x 5-year extension options. 3 Years remain on Encompass with two five year options.

Investment Highlights

  • Leases in place provide for little landlord responsibility
  • The property features two strong, essential tenants
  • A high-quality, low-risk asset and provides stability

Exclusively Listed By

Shopping Strip

Domino's Pizza & Encompass Health

Listing Price: $2,312,431

Cap Rate
6.49%
Gross SF
5,400
Rentable SF
5,400
Price/Gross SF
$428.23
Lot Size
0.62 acres
Year Built
2018

Investment Highlights

  • Leases in place provide for little landlord responsibility
  • The property features two strong, essential tenants
  • A high-quality, low-risk asset and provides stability

Investment Overview

Available for sale is a new construction, two-tenant NNN investment opportunity in Carlsbad New Mexico. The subject property is located at a hard corner and lit intersection along bustling Canal Street, the primary retail and service corridor within Carlsbad. The leases in place provide minimal landlord responsibility, making it easily to manage from wherever the investor resides. The property features two strong, essential tenants which makes for a high-quality, low-risk asset and provides stability in an uncertain market. 12+ Years remain on Dominos, with 2 x 5-year extension options. 3 Years remain on Encompass with two five year options.

Exclusively Listed By

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