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13508797
13508795

2 Locations

AL
NV BS.0007575
Las Vegas-ERA Brokers Consolidated
Listed by Las Vegas-ERA Brokers Consolidated
$3,150,000
917 days on market
Updated 3 days ago

C&R Retail Center

Details
APN 139-13-410-033 & 034
Property Type Retail
Sub Type Shopping Center
Square Footage 10,560
Net Rentable (SqFt) 10,560
Units 9
Cap Rate 6.86%
NOI $216,220
Occupancy 91%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Lease Options yes
Pro-Forma Cap Rate 7.54%
Pro-Forma NOI $237,380
Price per SqFt $298
Broker Co-Op Yes
Year Built 1978/1990
Buildings 2
Stories 1
Acreage 1.160
Zoning C-1
Parking Spaces 7 per 1,000 sq ft
Investment Type Stabilized
Ground Lease No
Ownership Private

Retail Center in Southern Nevada

Marketing description

C&R Retail Center consisting of 2 buildings with frontage on Las Vegas Blvd. North. Less than 1 mile from City of NLV government center. Great frontage and visibility on Las Vegas Blvd. with many long-time tenants. Mini-market on corner has gaming and offers fresh meat & produce. Restaurant and laundromat very busy stores. Call L/A 702-932-2222 or via email [email protected]

C & R Center, a prime retail property located at 2560 & 2564 Las Vegas Blvd. North, in the bustling city of North Las Vegas, NV. Boasting an attractive price of $3,150,000, this investment opportunity is not to be missed.

Comprising a total of 10,560 square feet, C & R Center consists of two buildings. The first is a free-standing mini mart measuring 2,880+/- square feet, offering gaming and fresh meat & produce sales. The second building is a multi-tenant retail space with 8 bays, each spanning 960 square feet. This thriving center is 91% occupied (1 960 SF unit is currently vacant), with long-term tenants on triple net leases.

Positioned on a desirable stretch of Las Vegas Blvd North., C & R Center enjoys excellent exposure and benefits from a major bus stop conveniently located in front of it. Situated less than 1-mile north of NLV City offices, the property is surrounded by a mix of residential and commercial users, ensuring a steady flow of potential customers.

Take advantage of the seller's attractive financing options, including a possible 'seller carryback' with a minimum downpayment. With a cap rate of 7.2% and a desirable zoning description of C-2, this property is a solid investment opportunity with potential for future growth.

Don't miss out on this exceptional retail property at C & R Center, located at 2560 & 2564 N Las Vegas Blvd, North Las Vegas, NV 89030.

Investment highlights

Seller is local and retiring from ownership. New roof installed on the 2560 building in February 2024 with a 10-yr warranty. Parking lots have been re-sealed and re-stripped.

Listing Contacts

AL
NV BS.0007575
Las Vegas-ERA Brokers Consolidated
Listed by Las Vegas-ERA Brokers Consolidated

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$216,220.00
$18,018.33/mo

Valuation Metrics

0
DSCR
6.86%
Cap Rate
6.86%
ROI

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Additional Information

Name
Andrew Levy
License
BS.0007575
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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