2330 Pierce St Carlsbad, NM 88220

This exceptional 5,730 square foot medical office building, located at 2330 W Pierce St in Carlsbad, New Mexico, presents a compelling investment opportunity. The property boasts a strong net lease (NN) with a remaining lease term of approximately 4.6 years, expiring June 30, 2029. The current tenant, Familia Dental, a rapidly expanding dental service organization with over 40 locations nationwide, occupies the entire building. The asking price is $1,195,000, translating to a price per square foot of $208.55 and a compelling 7.24% capitalization rate based on a current Net Operating Income (NOI) of $86,580. The lease commenced July 1, 2013, and is a single-tenant, 16-year agreement. Significant tenant improvements specific to dental services are already in place, minimizing potential capital expenditures for a new owner. This property is situated in Eddy County, New Mexico, zip code 88220, offering a stable and attractive investment in a growing market. The building's location provides excellent accessibility and visibility. This is an ideal opportunity for investors seeking a stable, high-yield investment with a reputable, established tenant.