800 W Pierce St - Freestanding FOR SALE
Carlsbad, NM 88220 |
800 W Pierce St
Carlsbad, NM 88220
HIGHLIGHTS
- Strong corporate guaranteed lease / Medicine Man Technologies, Inc. (schwazze) | public company (OTCQX: SHWZ) (NEO: SHWZ) | 2022 revenue: $160M
- New long term 10-year lease plus multiple options to renew | 3 (5-yr) options
- Fixed 15% rental increases every 5 years including the option periods
- NNN lease / Ease of management
- Strategic Carlsbad, New Mexico/Texas location
- Located on major retail corridor | Adjacent to Denny’s & directly across from Ross, Family Dollar, Famous Footwear, and Maurice’s
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
R.Greenleaf - STNL Cannabis - 10Yr NNN Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Drug Store, Fast Food, Storefront
TOTAL BUILDING SIZE
6562
STORIES
1
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
33
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
4-157-126-036-258
