502 N Canal St
Carlsbad, NM 88220
Carl's Jr. with Drive-thru · Retail Property For Sale

Brand new freestanding Carl's Jr with Drive-thru with a 20-year absolute NNN lease with 8% increases every five (5) years. There are two (2) five (5) year renewal options. Each renewal term shall be market rent but not less than 107.5% of the previous five year lease rate. The subject property is located in Carlsbad,NM, a growing city and popular destination point. Other national and regional chains in the area include CVS, McDonald's, Autozone, Wells Fargo, Ross, Alberton's and many others. The population within a 5-mile radius of the subject property is over 32,000 with average household incomes in the 1, 3, and 5-mile radii in the $53,000-$61,000+ range.