Listed by Colliers - Albuquerque, New Mexico
$725,000
Permian Basin Investment Opportunity
Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,475
Units 1
Cap Rate 7.03%
NOI $51,000
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 10
Remaining Term 9
Lease Options One option of 5 years
Price per SqFt $293
Year Renovated 2023
Buildings 1
Acreage 0.420
Investment Type Stabilized
Ground Lease No
Retail | 7.03% CAP | 2,475 SqFt
Marketing description
Colliers is pleased to bring to market a stabilized investment asset located in Carlsbad, NM, one of the most active energy markets in the country and positioned within the Permian Basin, widely recognized as one of the largest and most productive oil basins in the world. The offering includes three parcels totaling approximately 0.42 acres with a long-term tenant in place. The tenant operates four locations, has approximately nine years remaining on a Modified Gross lease, pays utilities, and provides a personal guarantee. This asset offers investors a rare combination of long-term income, recent capital improvements, tenant stability, and exposure to one of the strongest oil-driven economies in the United States.
Investment highlights
- Approximately 9 years remaining on a Modified Gross lease, providing a stable income stream for ownership.
- Tenant is responsible for utilities, reducing landlord operating exposure.
- Lease is backed by a personal guarantee, adding an additional layer of security for investors.
- Tenant currently operates four locations, demonstrating business experience and operations stability.
- Sale includes 2212 W Lea St., 615 Welshire, and 617 Welshire back lot, totaling approximately 0.42 acres.
- Extensive capital improvements were completed between 2022 and 2023, limiting near term deferred maintenance concerns.
Listing Contacts
Listed by Colliers - Albuquerque, New Mexico
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,000.00
$4,250.00/mo
Valuation Metrics
0
DSCR
7.03%
Cap Rate
7.03%
ROI
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