3575 Pecos Mcleod Rd - Medical FOR SALE


Las Vegas, NV 89121- Paradise Valley East
$8,525,000 USD
702-499-4661
3575 Pecos Mcleod Rd, Las Vegas, NV for Sale
$8,525,000 USD
Medical - FOR SALE
1/32
null | 6.23% Cap Rate

3575 Pecos Mcleod Rd
Las Vegas, NV 89121
Paradise Valley East


HIGHLIGHTS

  • 12 YEAR LEASE RENEWAL EXPIRES MAY 2036
  • HIGH GROWTH TENANT WITH STRONG REGIONAL PRESENCE
  • HIGHEST VOLUME SURGERY CENTER IN THE STATE
  • CONTINUOUS DEMAND FOR OPHTHALMOLOGY SERVICES AMONG AGING POPULATION
  • ATTRACTIVE RENT GROWTH OF 3.0% ANNUALLY
  • 2024 RENOVATIONS INCLUDE ROOF REPLACEMENT AND INTERIOR REFRESH

OVERVIEW

Highest Volume Surgery Center in Nevada | 12 YR Lease Extension | Strong Regional Credit The subject property is a 16,209 SF Shepherd Eye surgery center and ophthalmology clinic. Shepherd Eye signed a 12-year, NN lease renewal which commenced on June 1, 2024 and expires May 31, 2036 with two five-year options to extend. The lease calls for favorable increases of 3.0% annually. For more than 50 years now, Shepherd Eye has been operating at the forefront of eye care with its primary focus being to improve the quality of life for its patients. Shepherd Eye is a nationally renowned eye care and eye surgery group with a team of over 200 professionals and continues to demonstrate compelling growth, with recent double digit increases in patient base, revenues, and earnings.

FOR SALE DETAILS

PRICE

$8,525,000 USD

PRICE/SF

$526 USD /SF

CAP RATE

6.23%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shepherd Eye Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

122

LAND DETAILS

LAND ACRES

3.04 AC

LAND SF

132,422 SF

ZONING

C-P, County

APN/PARCEL ID

162-13-602-002,162-13-605-001,162-13-605-003,162-13-605-004

ASK ABOUT THIS PROPERTY

Jason LesleyPerry Guest CompaniesMore Info
702-499-4661

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Jason LesleyPerry Guest CompaniesMore Info
702-499-4661

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