Secure a fully leased and renovated investment asset in one of Las Vegas’ most sought-after industrial submarkets with this acquisition opportunity at 3370 Palm Parkway.
3370 Palm Parkway is a 10,280-square-foot freestanding building comprising 6,025 square feet of two-story office space and 4,038 square feet of warehouse space. The property underwent a comprehensive remodel in 2025, upgrading interior and exterior paint, implementing new HVAC units, updating the flooring, refreshing office finishes, adding new lighting, and resurfacing the parking lot. 3370 Palm Parkway is zoned “M-1” light industrial and is situated on approximately 0.67 acres with a fenced and secured yard for outdoor storage. The warehouse features four grade-level doors, a 16-foot clear height, and both 120/208V, 3-phase and 277/480V, 3-phase power.
Smash My Trash signed a six-year Triple Net (NNN) lease here in 2025, offering a stable and reliable income stream for investors with minimal landlord responsibilities. The lease brings in an annual income of $180,000 with 4% annual increases. Smash My Trash is a rapidly growing national franchise specializing in innovative waste management solutions for businesses. With over 160 independently owned locations across 41 states, the company provides on-site waste compaction services that significantly reduce dumpster volume, lower hauling costs, and improve sustainability efforts for its clients.
This is an excellent opportunity to secure an industrial asset in the high-performing Central Las Vegas industrial submarket. Due to the concentration of builds, there is minimal room for new construction, and the vacancy rate as of Q1 2025 was a tight 2.6%, compared to the overall Las Vegas market at 10.2%. It historically outperforms the broader market in rent growth too, as the trailing five-year average rent growth is 8.5% and 7.5% for the 10-year average. Over 2024, about 460,000 square feet of industrial inventory traded, and no new industrial properties were built, underpinning the significance of acquiring industrial assets here. 3370 Palm Parkway’s convenient access to Interstate 15 and proximity to the Harry Reid International Airport further reinforce its value and long-term appreciation outlook. Enquire now to learn more.