800 W Pierce St | Carlsbad, NM 88220
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800 W Pierce St
Carlsbad, NM 88220
R.Greenleaf - STNL Cannabis - 10Yr NNN Lease · Retail Property For Sale
Investment Highlights
- Strong corporate guaranteed lease / Medicine Man Technologies, Inc. (schwazze) | public company (OTCQX: SHWZ) (NEO: SHWZ) | 2022 revenue: $160M
- Fixed 15% rental increases every 5 years including the option periods
- Strategic Carlsbad, New Mexico/Texas location
- New long term 10-year lease plus multiple options to renew | 3 (5-yr) options
- NNN lease / Ease of management
- Located on major retail corridor | Adjacent to Denny’s & directly across from Ross, Family Dollar, Famous Footwear, and Maurice’s
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
6,562 SF
Building Class
B
Year Built/Renovated
1990/2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.56 AC
Zoning
C-2 - Commercial
Parking
33 Spaces
Frontage
124 ft on West Pierce Street
PROPERTY TAXES
| Parcel Number | 4157126036258 | Improvements Assessment | $157,998 |
| Land Assessment | $59,445 | Total Assessment | $217,443 |
PROPERTY TAXES
Parcel Number
4157126036258
Land Assessment
$59,445
Improvements Assessment
$157,998
Total Assessment
$217,443
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