Dollar General

Subject Property

317 Farris St
Carlsbad, NM 88220

Price: $1,687,000
Cap Rate: 6.5%
NOI: $109,623
Building Size: Approx. 9,100 Sq. Ft.
Lot Size: Approx. 1.2 Acres
Status: Sale Pending
Type: Single-Tenant / Retail
Sub Category: Dollar Store
Year Built: 2017

Investment Overview

  • 2017 Build. 9,100+/- SF Building on 1.20+/- Acre Site
  • 15 Year Corp Absolute NNN Lease began April 2017
  • Located along Farris St & National Pkwy 62 (18K VPD)
  • Adjacent to several Residential Comm. & Hospitality Suites
  • Gateway to Carlsbad Caverns National Park | The Pecos River
  • Economy: Tourism (National Parks) | Mining (The Permian Basin)
  • Permian Basin (Highest producer of potash in the United States)
  • 3-Miles: Estimated 2018 Pop: 13,146 l  Avg HH Income:  $67,725
  • Carlsbad is Approx. 35-Miles N of the New Mexico-Texas border