Carlsbad Pavilion 801-811 W Pierce St 51,487 SF 100% Leased Retail Building Carlsbad, NM 88220 $8,000,000 ($155.38/SF) 7.12% Cap Rate

Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.

Famous Footwear began in 1960 as Neil’s Factory Shoe Outlet in Madison, Wisconsin, and later adopted the Famous Footwear name as the business expanded. The company is now part of Caleres and operates as a retail footwear business with physical stores and online sales, offering branded shoes and curated styles for adults and children. Famous Footwear’s market presence is built around branded footwear at discounted prices, with a broad store network and a long-standing focus on family footwear, customer service, and community support.

Maurices is an American women’s fashion retailer founded in 1931 by E. Maurice Labovitz in Duluth, Minnesota. The company began as a small dress shop and evolved into a specialty retailer focused on affordable, versatile apparel and accessories. Today, Maurices operates as a privately held company under the ownership of OpCapita, which acquired a majority stake in 2019. The brand serves customers primarily in small towns and suburban markets across the United States and Canada, offering inclusive sizing from 0 to 24. Maurices emphasizes casual and workwear styles through both brick-and-mortar stores and its e-commerce platform. Headquartered in Duluth, Minnesota, the company continues to maintain its hometown roots while expanding omnichannel capabilities.

My Melrose began in McAllen, Texas in 1976 as a single junior apparel store and later grew into a family fashion retailer. The company sells clothing, shoes, accessories, home goods, electronics, cosmetics, lingerie, and snacks for adults and children. After expanding across the Southwest, the business relocated its corporate office and distribution center to San Antonio in 1991 and rebranded from Melrose Family Fashions to My Melrose in 2020. My Melrose continues to focus on affordable everyday merchandise through a broad retail format that includes mall, strip-center, and freestanding store locations.

Ross Dress for Less began in 1982 when a group transformed six San Bruno department stores into discount outlets. The chain quickly grew by selling branded overstock at low prices. Today Ross operates nationwide with a no-frills approach - focusing on bargains rather than store decor. Shoppers visit for deals on clothing, shoes, accessories, and home goods. The company emphasizes community support through youth education programs and local hiring initiatives. Ross maintains a strong market presence by offering name-brand products at reduced prices in a fast-paced retail environment.