317 Farris St
Carlsbad, NM
Price:
$1687000
Cap Rate:
6.50%
NOI:
$109,623
Building Size:
Approx. 9100 Sq. Ft.
Lot Size:
Approx. 1.2 Acres
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