801-811 W Pierce St
Carlsbad, NM 88220
Carlsbad Pavilion · Retail Property For Sale

Carlsbad Pavilion is a 51,487-square foot multi-tenant regional shopping center in Carlsbad, New Mexico. The center is fully stabilized with 100 percent national credit tenants. Anchored by Ross Dress for Less, other tenants consist of Melrose, Maurice’s, Famous Footwear, and Family Dollar. Family Dollar has been in the center since 2001; all other tenants have new leases since the building was completely renovated in 2017. All tenants have options for renewal, and 58 percent of the gross leasable area has triple-net leases. The building is situated on 4.13 acres with ample paved parking. The subject property is on the south size of U.S. Highway 285 (Pierce Street), the city’s major thoroughfare with traffic counts of approximately 17,000 vehicles per day. Located at the signalized intersection of U.S. Highway 285 and North Mesa Street, the property has multiple ingress and egress points and prominent monument signage. Neighboring national and regional retailers include Denny’s, Petsense, Verizon, Starbucks, Pizza Inn, Taco Bell, KFC, AT&T, Arby’s, Dollar Tree, Hibbett Sports, Dollar General, H&R Block, Rent-A-Center, Walgreens, Buffalo Wild Wings, and others. Carlsbad Mall is about one mile west of the property, with a variety of retailers including Big 5 Sporting Goods, Claire’s, and Cloud Nine. The average household income within one mile of the property is $64,000, and the five-mile population exceeds 29,400 residents. Located in the southeastern part of New Mexico, Carlsbad straddles the Pecos River and sits at the eastern edge of the Guadalupe Mountains. The city is the county seat of Eddy County and the principal city of the Carlsbad-Artesia Micropolitan Statistical Area. Carlsbad is a hub for potash mining, petroleum production, and tourism. The local economy has experienced growth from the rebounding industry of oil and gas exploration in southeast New Mexico. Carlsbad Caverns National Park is located 20 miles southwest of the city, and Guadalupe Mountains National Park lies 54 miles southwest across the Texas border. The Lincoln National Forest is to the northwest of town.