Carlsbad Pavilion 801-811 W Pierce St 51,487 SF 100% Leased Retail Building Carlsbad, NM 88220 $11,046,960 CAD ($214.56 CAD/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. Famous Footwear is part of Caleres and operates as a retail chain focused on branded footwear for women, men, and children, with in-store and online shopping options that include buy online, pick up in store, curbside pickup, and same-day delivery in some areas. The company's assortment spans athletic shoes, sandals, boots, clogs, and other casual styles, and its brand mix includes major names such as Nike, adidas, Converse, Vans, Birkenstock, Skechers, and Crocs.

Maurices began in 1931 when E. Maurice Labovitz opened the first store in Duluth, Minnesota, and the business has since grown into an American women's clothing retail chain. The company focuses on women's apparel and related categories, including jeans, tops, dresses, footwear, jewelry, and accessories, with inclusive sizing from 0 to 24. Maurices serves customers through a wide network of hometown-focused retail locations across the United States and Canada, while also supporting e-commerce and a broader omnichannel shopping experience.

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 as a small family-operated junior department store chain in California and shifted into an off-price format after an investor acquisition in the early nineteen eighties. The company focuses on first-quality, in-season brand name and designer apparel, footwear, accessories, and home fashions offered at everyday discounts. Ross Dress for Less operates as a major off-price retail chain with a broad presence across the United States, along with locations in Guam and Puerto Rico. The business sits within Ross Stores, which also runs dd's DISCOUNTS and has grown from a regional retail start into a large national value retailer.