Listing Agency: Dunagan Associates k***@dunaganassociates.com Show Phone

Listed By: Robyn Hyden · License #0831002 Show Phone

Source: Exprealty

Added: Oct 7, 2022 Changed: Sep 25 Last Checked: Oct 5 at 11:14PM

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Investment Insights

Based on property information with market context.

A retail space is available for rent within the Cavern City Shopping Center. The available space, suite 5, offers approximately 1782 square feet. The location provides accessibility from both north and south bound Canal Street and includes ample parking. The landlord offers a build-out allowance with an acceptable lease. The landlord covers water, sewer, and garbage expenses, while the tenant is responsible for all other utilities. The monthly base rent is $3712, which equates to $25 per square foot. The estimated annual NNN is $1.50 per square foot. The property is located at 1302 S Canal Street, Carlsbad, NM 88220.

Key Highlights

• High visibility location on Canal Street.
• Only one space available in Cavern City Shopping Center.
• Ample parking space.

Property Analytics

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Current Use

Cielito Lindo Restaurant Great Clips Hair Salon Living life studios, ... Kennel & Boarding Facility Batteries Plus Auto Parts Store We Fix It ... Computer & Electronic Repair

Suggested Use

Top Pick Grocery & Convenience Store Electrical Service Real Estate Agency Garden Center Locksmith Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

309

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

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space available in high-visibility shopping center.

Where is this retail space located?

The property is located at 1302 S Canal St Carlsbad, NM.

What is the lease rate?

The lease rate is $3,712/Mo.

What are key features of this property?

This property features: High visibility location on Canal Street.; Only one space available in Cavern City Shopping Center.; Ample parking space.