LOGIC Commercial Real Estate presents the opportunity to purchase the fee simple interest in 3013 W. Sahara Avenue, a single-tenant, net-leased freestanding retail building located at the signalized intersection of Sahara Avenue and Richfield Boulevard, just minutes from the Las Vegas Strip. The property is approximately 1.5 miles from the world-famous Las Vegas Strip, which attracts 42 million annual visitors, and is a 15-minute drive from Harry Reid International Airport.
Current Lease Status
Brand new 10 year Lease - Expires 9/30/2036
Current annual rent of $100,440
Scheduled rent escalation to $104,400 on October 1, 2031
Lease expiration date of September 30, 2036
Personally guaranteed by operator who owns wholesale vape distribution facility
Option Period Structure
Two (2) five-year option periods with 10% escalations every 5 years
Flexibility for owner-user occupancy at initial term expiration