5475 Camino Al Norte St - Auto Repair FOR SALE


North Las Vegas, NV 89031
$2,972,000 USD
513-300-0763
5475 Camino Al Norte St, North Las Vegas, NV for Sale
$2,972,000 USD
Auto Repair - FOR SALE
1/1
null | 4.7% Cap Rate

5475 Camino Al Norte St
North Las Vegas, NV 89031


HIGHLIGHTS

  • Operating at this location since 2004. Tenant recently extended the lease showing continued commitment to the location
  • Surrounded by national retailers such as Starbucks, Sonic, CVS, Chase Bank, etc.
  • Located in a dense retail thoroughfare with traffic counts approximately 17,900 per day and a population of over 351,000 within a five mile radius.
  • population of over 1,100,000 within a ten mile radius
  • Strong demographics with average household income of over $86,000 in a two mile radius and average household income of over $80,000 within a five mile

OVERVIEW

JIFFY LUBE at 5475 Camino Al Norte, North Las Vegas, NV 89031 is a lucrative investment opportunity. This free-standing single-tenant property is leased to Team Car Care, a reputable Jiffy Lube franchisee with over 500 units, ensuring a stable income stream. With a lease term extending beyond 11 years and a significant rent increase scheduled for September 2026, this property offers a solid return on investment. The attractive capitalization rate of 4.70% based on the current rent and a solid Net Operating Income of $127,000 further enhance the investment appeal. Additionally, situated in a high-traffic area with an average of over 18,900 vehicles passing by daily, the property is strategically located for strong visibility and customer access. Don't miss out on this exceptional opportunity to acquire a prime net-leased property in a thriving location with a well-established tenant. Unlock the potential of JIFFY LUBE at 5475 Camino Al Norte today!

FOR SALE DETAILS

PRICE

$2,972,000 USD

PRICE/SF

$1,189 USD /SF

CAP RATE

4.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jiffy Lube

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

O-L/DA, N Las Vegas

APN/PARCEL ID

124-33-501-004

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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