3013 W Sahara Ave - Storefront Retail/Office FOR SALE


Las Vegas, NV 89102- Richfield
$1,600,000 USD
702-340-4251
3013 W Sahara Ave, Las Vegas, NV for Sale
$1,600,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | 6.28% Cap Rate

3013 W Sahara Ave
Las Vegas, NV 89102
Richfield


HIGHLIGHTS

  • Situated only +/-1.5 miles west of the Las Vegas Strip, which attracts 42 million annual visitors
  • Opportunity to acquire an additional adjacent building with an NOI of $122,987 bringing the combined NOI for both properties to $223,387
  • Strategically positioned on one of the busiest thoroughfares in the Las Vegas Valley
  • Sahara Avenue boasting an impressive daily traffic count exceeding 50,000 vehicles

OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$533 USD /SF

CAP RATE

6.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

C-1, Las Vegas

APN/PARCEL ID

162-08-104-008

ASK ABOUT THIS PROPERTY

Sean MargulisLogic Commercial Real EstateMore Info
702-340-4251

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Sean MargulisLogic Commercial Real EstateMore Info
702-340-4251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.