5475 Camino Al Norte St - Auto Repair FOR SALE


North Las Vegas, NV 89031
$2,610,000 USD
702-215-7120
5475 Camino Al Norte St, North Las Vegas, NV for Sale
$2,610,000 USD
Auto Repair - FOR SALE
1/3
null | 5.35% Cap Rate

5475 Camino Al Norte St
North Las Vegas, NV 89031


HIGHLIGHTS

  • Long-Term Jiffy Lube Absolute Net Investment in Las Vegas metro
  • 21-year Operating History at the Location | 15-Year extension in 2021
  • No Immediate Competition at the Intersection and High Barriers to Entry
  • Shadow Anchored by Smith's Anchored Grocery with various nationally recognized Tenants

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net, single-tenant Jiffy Lube investment located at 5475 Camino Al Norte in Las Vegas, Nevada. The Tenant extended the lease for 15 years in 2021, underscoring its long-term commitment to the site and serving as a clear testament to the strength of the location. The property is leased to Jiffy Lube, an established, nationally recognized quick-lube brand with durable demand drivers supported by recurring vehicle maintenance needs. Positioned along Camino Al Norte, the site benefits from strong daily traffic, six (6) ingress/egress points, and surrounding residential density that consistently supports service-oriented retail. The building’s layout and drive-in service bays provide functional utility for the Tenant and long-term real estate relevance in a market with sustained population and employment growth. The property is shadow-anchored by a Smith’s grocery center with a strong mix of national retailers, and the Tenant benefits from limited immediate competition and high barriers to entry in the surrounding trade area.

FOR SALE DETAILS

PRICE

$2,610,000 USD

PRICE/SF

$1,017 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jiffy Lube | Top 5 in MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership, Freestanding, Service Station

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

Dustin AlvinoMarcus & MillichapMore Info
702-215-7120

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Dustin AlvinoMarcus & MillichapMore Info
702-215-7120

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