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34417750
34417751

1397 S Loop Rd, Pahrump, NV 89048 For Sale

JK
NV B.0145888.LLC, NV PM.0167521.BKR (+1)
MDL Group
GK
NV NV 65773
MDL Group
Listed by MDL Group
Unpriced
1166 days on market
Updated 4 days ago

Intermountain Healthcare Single Tenant Net Leased Medical

Details
APN 035-571-30
Property Type Office, Hospitality
Sub Type Medical Office
Square Footage 57,021
Net Rentable (SqFt) 57,021
Units 1
Cap Rate 6.00%
NOI $1,795,944
Occupancy 100%
Tenancy Single
Brand/Tenant Intermountain Healthcare
Lease Type NN
Lease Term 20
Lease Expiration 09/04/2037
Remaining Term 11.1
Rent Bumps Yes
Lease Options Three (3) Five-Year Options to Renew
Broker Co-Op Yes
Class B
Year Built 2017
Buildings 1
Stories 1
Acreage 7.260
Zoning General Commercial
Parking Spaces 354 spaces
Parking per 1,000 SqFt 6.21
Investment Type Core
Tenant Credit Corporate Guarantee
Lease Commencement 09/05/2017
Occupancy Date 09/05/2017
Ground Lease No
Ownership Licensee
Sale Condition For sale by owner

100% Occupied Single Tenant Investment Opportunity

Marketing description

MDL Group is pleased to present 1397 S. Loop Rd. (the “Property”) for sale as a single tenant net leased asset. The property consists of a ±57,021 SF ultramodern, state of the art medical facility that was completed in September of 2017. The facility was created to bring a higher level of efficiency, convenience, and medical care services for the local community. The facility is laid out with multiple pods separating various specialties. The building serves as a one-stop shop, providing primary, specialty, and urgent care, as well as imaging inclusive of X-ray, MRI, CT, ultrasound, and nuclear medicine services, all under one roof which is offered seven days a week.

Pahrump is an unincorporated town located at the southernmost tip of Nye County, Nevada, and lies adjacent to the Nevada–California border and is 1-hour west of Las Vegas, and 1-hour east of Death Valley National Park. Pahrump truly is the heart of the desert and the perfect place to enjoy the best of southern Nevada.

Modern day Pahrump is one of the fastest growing communities in the west. Its new urban features are visible from Highway 160 – with numerous casinos, the Pahrump Valley and Sanders Family Wineries, and the Pahrump Valley Speedway and Spring Mountain Motor Resort & Country Club. The beautiful wild countryside is a hotspot for RV rallies, outdoor enthusiasts, and avid golfers with the addition of Mountain Falls Golf Club and Lake View Executive Golf Course. From ATV and OHV (all-terrain vehicles and off highway vehicles) to cultural festivals and spectacular events, visitors will be blown away by how much Pahrump has to offer.

Investment highlights

+ Parcel Number - 035-571-30

+ Intersection - Nevada State Rd. & Loop Rd.

+ Building Size - ±57,021 SF

+ Land Size - ±7.26 AC

+ Year Built - 2017

+ Parking - 354 Asphalt parking spaces

+ Zoning - General Commercial

+ Traffic Counts - ±23,600 Vehicles per day NV-160

+ 2027 NOI: $1,795,943.71

+ Lease Expiration: 09/04/2037

+ 10% rent increase every 5 years.

+ Owner-Licensee

Listing Contacts

JK
NV B.0145888.LLC, NV PM.0167521.BKR (+1)
MDL Group
GK
NV NV 65773
MDL Group
Listed by MDL Group

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$1,795,943.71
$149,661.98/mo

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Additional Information

Name
Jarrad Katz, SIOR, CCIM
License
B.0145888.LLC
Brokerage Phone
7023881800
Name
Galit Kimerling-Moreau
License
NV 65773
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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