Trinity Real Estate Investment Services is pleased to present the opportunity for an investor to acquire a Brand New Development Starbucks in Carlsbad, New Mexico. Starbucks signed a 10-Year NNN Lease with rent set to commence in late February. The lease features a 10% rental increase in year 6 and 4 (5) Year Options to extend with 10% rental increases at each option period.

Broker of Record: Ascent Santa Fe., LLc DBA Keller Williams Realty- Santa Fe Tai Bixby NM #40315

Location Description:

Ideally located along the main retail corridor (HWY 285) in Carlsbad, the Subject Property is situated between Buffalo Wild Wings, Taco Bell, AT&T, Denny's, KFC and several other neighboring tenants.

Carlsbad has seen tremendous growth over the past 10 years because of the recent oil/gas boom in the Permian Basin along with the manufacturing and aviation industries continuing to bolster growth. Carlsbad is known for the Carlsbad Caverns National Park, but also home to the Living Desert Zoo & Gardens, Brantley Lake State Parks, as well as the Pecos River. Carlsbad also boasts an incredible 350 days of sunshine a year.

Highlights:

>> New Development Starbucks in Carlsbad, NM - Rent to Commence in Late February

>> 10-Year NNN (Roof & Structure) Corporately Guaranteed Lease | 10% Rental Increase in Year 6

>> No Early Termination Clause in Lease - "A-" S&P Rated Credit

>> Because of Strong and Steady Growth, Carlsbad has Attracted Carls Jr., Burger King, McAlister's Deli, Harbor Freight, and Buffalo Wild Wings in 2017

>> Ideally Located on US Hwy 285 (19k+ VPD) Along Retail Corridor