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2330 West Pierce Street
Carlsbad, NM 88220
Asking Price
$1.15M
Cap Rate
8%
Asset Type
Medical Office Retail
Class
Class B
What's Special
Retail | 8.00% Cap | 5,730 SqFt <p>Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single tenant net leased Familia Dental located at 2330 W Pierce Street in Carlsbad, New Mexico (the “Property”). The Property, constructed in 1993, is leased to Familia Dental, a growing dental practice with more than 35 locations across six states. Familia Dental has been at this location since 2014 and recently exercised a renewal option extending their lease by 7-years, demonstrating their commitment to the
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NOI
$80,000
Cap Rate
6.98%
DSCR
1.18
Tight
Cash-on-Cash
3.48%
Monthly Payment
$5,669.783
Annual Cash Flow
$11,962.607
