Net-Leased Medical
For Sale
Contact for pricing
401 North Canal Street, Carlsbad, NM 88220
Single-tenant net-leased medical center operated by CHS with remaining lease term and renewal options.
Property SizeContact for details
Days on Market120
Property Features for 401 North Canal Street
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
Peranich Huffman Net Lease Group Dallas
Listed By:
Nathan Huffman · License #TX 553697
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 11:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peranich Huffman Net Lease Group Dallas
Investment Insights
Based on property information with market context.
Peranich Huffman Net Lease Group is pleased to offer, on an exclusive basis, a single-tenant net-leased medical facility known as Carlsbad Medical Center. The property is occupied by Community Health Systems (CHS), a general acute care hospital operator. The facility is structured with an approximate 10 years of lease term remaining.
The lease includes two (2) five-year renewal options. During the initial term, rent escalations are set at 2% annually, with the option periods providing for 3% annual rent escalations. The offering is presented as a net-leased healthcare investment with a long-term operating tenant.
The seller has described the transaction as being offered at a 7.50% capitalization rate.
The lease includes two (2) five-year renewal options. During the initial term, rent escalations are set at 2% annually, with the option periods providing for 3% annual rent escalations. The offering is presented as a net-leased healthcare investment with a long-term operating tenant.
The seller has described the transaction as being offered at a 7.50% capitalization rate.
Key Highlights
- 14,843 SF single‑tenant net‑leased Carlsbad Medical Center
- Operated by Community Health Systems (CHS), a general acute care hospital operator
- Approximately 10 years of lease term remaining, with (2) 5‑year renewal options
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
Explore this area
Business Placement
Demographics for 88220, NM
40,762
Population
17,692
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
1,907.6 sq mi
ZIP Area
21
Density / Sq Mi
$79,668
Median Household Income
$45,302
Median Earnings
$1,218
Median Rent
$192,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hospital - Single-tenant net-leased medical center operated by CHS with remaining lease term and renewal options.
Where is this hospital located?
The property is located at 401 North Canal Street Carlsbad, NM.
What are key features of this property?
This property features: 14,843 SF single‑tenant net‑leased Carlsbad Medical Center; Operated by Community Health Systems (CHS), a general acute care hospital operator; Approximately 10 years of lease term remaining, with (2) 5‑year renewal options
