Carlsbad Pavilion
Carlsbad, NM 88220

We are pleased to offer to qualified investors an opportunity to purchase a recently remodeled, fully stabilized, multi-tenant retail center backed by a complimentary tenant mix and strategically located along Highway 285, the area’s primary corridor. Boasting a desirable tenant mix, this center is offered at below replacement cost, $160/SF, allowing investors potential upside opportunities. Moreover, with tenants such as Family Dollar, Ross Dress for Less, Melrose, Maurice’s and Famous Footwear this location has been chosen to fill an under served market specifically regarding retail clothing options. This property was remodeled in 2017 and comprises a total of 51,487 square feet GLA. The subject property is located in close proximity to major retailers such as Walgreens, AT&T, Taco Bell, KFC, Albertsons and Denny’s. Due to the rebounding industry of oil and gas exploration in southeast New Mexico, the local economy is uniquely positioned to support this retail asset well into the future. The plaza also enjoys excellent visibility and easy access at the signalized intersection of Highway 285 and Mesa Street. This is a rare opportunity to purchase a fully stabilized multi-tenant retail asset, that takes advantage of an under served tenant type within the trade area, strategically located along the area’s primary corridor and supported by a growing economy with help from the growing oil and gas industry that will provide demand to the shopping center well into the future all while requiring minimal landlord responsibilities.