MOTIVATED SELLER, WILL ENTERTAIN ALL REASONABLE OFFERS!!!Excellent investment opportunity with a 7.5% cap rate in a prime Pahrump location!
This Carl’s Jr. property, built in 2008, operates under a ground lease with absolute NNN terms. Alternatively to the base rent, the tenant may be subject to a percentage rent of 9.25% of gross receipts, depending on which amount is higher. Building will revert back to the Owner at the end of the Carls Jr lease.
Owned since 2011, this property boasts high visibility and strong traffic flow, making it an attractive option for retailers and businesses seeking a prominent presence. Nearby national retailers include Walmart, Home Depot, and more.
The lease has five years remaining on the current term, with three additional 10-year renewal options.
Total .94 Acres, there are 2 parcels. 038-213-68 & 038-213-67
Call broker for more information!