3176 W Martin Ave - Freestanding FOR SALE


Las Vegas, NV 89118- West of the Strip
$7,300,000 USD
702-637-7660
3176 W Martin Ave, Las Vegas, NV for Sale
$7,300,000 USD
Freestanding - FOR SALE
1/4
null | 6.03% Cap Rate

3176 W Martin Ave
Las Vegas, NV 89118
West of the Strip


HIGHLIGHTS

  • ±15,000 sf industrial building with retail buildout on 2.1 acres!
  • 100% leased single tenant investment opportunity!
  • Income from cell tower and billboard!
  • Located along the high traffic I-15 corridor with excellent exposure!

OVERVIEW

This prime commercial property, formerly built to suit a feed store specializing in ranching materials, offers a unique opportunity for both immediate income and long-term development. Located near Sunset with clear visibility from I-15, the site benefits from high traffic exposure and easy highway access. The building features a butler roof with a peak height of 17.5 feet and a drop ceiling, making it highly adaptable for various commercial or industrial uses. The current lease is structured at $2 per square foot NNN, generating approximately $360,000 annually, with a five-year term signed in May and options to renew. In addition to its core lease income, the property includes two passive income streams: a long-term cell tower lease with SDC through 2049, producing $80,000 annually, and a billboard lease with Clear Channel, also extending through 2049. The billboard enjoys unobstructed visibility from I-15, enhancing its value and exposure. Both leases are included in the cap rate, and the cell tower benefits from a special electrical easement, with all maintenance handled by the provider. These features make the property a compelling investment with stable cash flow and significant upside potential for redevelopment or expansion. Avison Young is pleased to present this exceptional opportunity featuring versatile zoning and high visibility. Situated on ±2.10 acres, the property consists of a single tenant, 100% leased,  ±15,000 square feet single-story industrial warehouse building with yard. The property also benefits from additional long term lease revenue of on-site billboard and cell tower. This offering combines an immediate revenue stream of Eazy Rent Car Rental and passive income making it an ideal investment opportunity in the strategic southwest area of Las Vegas.

FOR SALE DETAILS

PRICE

$7,300,000 USD

PRICE/SF

$442 USD /SF

CAP RATE

6.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

IL

APN/PARCEL ID

177-05-103-040

ASK ABOUT THIS PROPERTY

Tony AmatoAvison YoungMore Info
702-637-7660

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Tony AmatoAvison YoungMore Info
702-637-7660

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