Beverly Center
Retail | 14,400 SF
Marketing description
This property in Pahrump, with 14,400 square feet of building on 1.63 acres and an additional 1.26 acres adjacent on Highway 160, is a promising investment opportunity. The fact that it's located in the highest traffic area of Pahrump, adjacent to the Saddle West Casino and across the street from the Nevada State Bank, makes it even more attractive.
With plenty of parking and a long-term tenant in Dotties Casino, this property could provide a solid return on investment with a cap rate of 10 if leased under current market rates. Additionally, given the current shortage of commercial space in Pahrump and the rapid growth of the population, there is potential for appreciation over time.
The fact that the property includes a grandfathered commercial billboard, which is no longer allowed on new development, is an added bonus that could provide additional revenue or advertising opportunities.
Overall, this property is a great deal and worth considering for anyone looking to invest in Pahrump's commercial real estate market. If you're interested in learning more, contact Roy Mankins for additional information.
775-910-9289
S.0180722
Investment highlights
10 cap rate, room for future expansion, scarcity of commercial property for lease, high traffic area
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