2101 Canal St Carlsbad, NM 88220
- Commercial real estate
- 94,276 SF
Current Use by Public Records
- ATM Machine at Jump N Play / Atm
- Legacy Church - Carlsbad Campus / Church
- Elotes y Antojitos (SNACKS) / Snack Bar
- Sutherlands / Hardware Store / Home Improvement Store
- Top Nock Archery & Supplies, LLC / Archery Range / Archery Store
Property Details for 2101 Canal St
- Year built
- 2001
- Property size
- 94,276 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a fully leased, 94,276 square foot shopping center ideally located in Carlsbad, New Mexico, a dynamic oil and gas region. The property enjoys a prime position on over 7.2 acres with significant frontage (380+ feet) along the heavily trafficked US Highway 285 and 62/180, a dominant retail corridor. The center benefits from a strong tenant mix, anchored by two national credit tenants: Sutherland's Lumber and Dollar General. The property's diverse tenant base includes approximately 6,500 square feet of office and training facilities, complementing the predominantly retail space. This translates to a low cost per square foot investment of $90. The current 100% occupancy rate ensures a stable and predictable income stream, making this a compelling investment for discerning buyers seeking a high-performing commercial property in a robust market. The long-term historical occupancy of BS Properties, LLC further underscores the property's enduring appeal and stability. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving community. Detailed financial information and lease agreements are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carlsbad
- County
- Eddy
- State
- New Mexico
- Longitude
- -104.2241
- Latitude
- 32.39854
