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20886115
20886113

4250 Simmons St, North Las Vegas, NV 89032

CM
NV BS.0048235
Realty ONE Group, Inc
Listed by Realty ONE Group, Inc
$1,632,672
566 days on market
Updated 56 days ago

Simmons Point Office Plaza (Craig & Simmons)

Details
APN 139-05-713-005
Property Type Office
Sub Type Traditional Office
Square Footage 5,000
Net Rentable (SqFt) 5,000
Units 2
Cap Rate 6.04%
NOI $98,617
Occupancy 100%
Tenancy Multi
Brand/Tenant Absolute Dental, Restoration Connection
Lease Type NNN
Lease Term 8
Lease Expiration 11/30/2028
Remaining Term 2.5
Rent Bumps Yes
Lease Options 2 - 5 year
Pro-Forma Cap Rate 6.04%
Pro-Forma NOI $98,617
Price per SqFt $327
Broker Co-Op Yes
Class B
Year Built 2006
Year Renovated 2020
Buildings 1
Stories 1
Acreage 0.490
Zoning C-P (Office)
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 12/01/2020
Occupancy Date 12/01/2024
Ground Lease No

Fully Leased Office - Investment Opportunity

Marketing description

This investment opportunity presents itself at 4250 Simmons St. in the heart of the bustling city. This property is currently home to Absolute Dental, a thriving dental practice that occupies 3,000 square feet of the building, and Restoration Connection, which occupies the remaining 2,000 square feet of second-generation office space.

The building is a spacious 5,000-square-foot structure that offers a blend of modern design and functionality. It is strategically located in a high-traffic area, ensuring accessibility within North Las Vegas.

Absolute Dental has rented this building since 2020, providing quality dental care to the local community.

The remaining 2,000 square feet is occupied by www.restoration-connection.com. This second-generation office space already has the necessary infrastructure and amenities, reducing the cost and time required for new tenants.

In conclusion, 4250 Simmons St. presents an excellent investment opportunity and offers unique tenants servicing the surrounding community.

Investment highlights

  • Property is 100% leased.

  • Absolute Dental has over 50 locations throughout Nevada and

    has continued to expand throughout the local community

  • t.ly/AQhvk (Take of Tour of Unit 100 - Absolute Dental)

  • Healthcare are favorable tenants due to its resilient in any market, due to favorable lease terms, and

    long-term options.

  • North Las Vegas features high population density with over

    440,000 residents within a 5-mile radius, accounting for over

    140,000 households

Listing Contacts

CM
NV BS.0048235
Realty ONE Group, Inc
Listed by Realty ONE Group, Inc

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,617.00
$8,218.08/mo

Valuation Metrics

0
DSCR
6.04%
Cap Rate
6.04%
ROI

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Additional Information

Name
Charles Martin
License
BS.0048235
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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