Stake a claim in Downtown Las Vegas by acquiring 530 S 6th Street, a high-quality, turnkey office asset providing a significant income stream from a single-tenant lease.
A recently executed seven-year lease runs to February 28, 2031, and the triple net lease (NNN) terms leave minimal landlord responsibilities. 530 S 6th Street generates a reliable annual income of $262,080, offering investors a strong 6.98% cap rate. The tenant, Sierra Sage Recovery Services, is a well-established provider of addiction treatment services, ensuring stability and long-term occupancy.
530 S 6th Street, made of strong masonry construction on a monolithic slab with smooth stucco finishes around the exterior, spans approximately 8,000 square feet. The property was completely remodeled in 2023 and 2024, including upgrading security measures and building systems, as well as modernizing the interior. 530 S 6th Street also features a private gated parking lot with 20 covered spaces, a rare asset in the bustling downtown area. Situated on a 0.31-acre lot zoned C1 at a hard-corner intersection, the property affords immense flexibility in reuse potential and ample exposure, fortifying its future attractiveness.
The Downtown Las Vegas office submarket is coveted for its unmatched amenity base, ease of access, and proliferation of professional destinations. 530 S 6th Street’s positioning captures these attractors. It is within a 15-minute walk of the regional justice center, federal courthouse, Downtown Container Park, Freemont Street Experience, and the downtown corridor. Tenants enjoy uncongested access while away from The Strip, only about a mile from Interstates 15 and 11. As of Q2 2025, 420,000 square feet of office space was under construction in Downtown Las Vegas, and the trailing five-year average rent growth was 4.5%, emphasizing the desirability of office property here. With a secure NNN lease, fully upgraded infrastructure, and superior locational factors, this offering provides a truly passive investment with immediate cash flow and long-term value appreciation potential.
*Note for potential owner/users: Tenant’s lease has a buy-out provision.
*Asset is 1031 Exchange eligible.