Listed by Avison Young - Las Vegas
$7,300,000
3176 W Martin Ave
Details
Property Type Retail, Special Purpose
Sub Type Distribution, Flex
Square Footage 15,000
Cap Rate 6.00%
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 12/30/2030
Remaining Term 5
Lease Options Five (5) five (5) year terms
Year Built 1998
Stories 1
Acreage 2.100
Zoning IL
Parking Spaces 74 spaces
Parking Per SqFt 4.93
Lease Commencement 06/30/2025
Rent Commencement 12/31/2025
Incredible location for future property value
Marketing description
Avison Young is pleased to present this exceptional opportunity featuring versatile zoning and high visibility. Situated on ±2.10 acres, the property consists of a single tenant, 100% leased, ±15,000 square feet single-story industrial warehouse building with yard. The property also benefits from additional long term lease revenue of on-site billboard and cell tower. This offering combines an immediate revenue stream of STNL and passive income making it an ideal investment opportunity in the strategic southwest area of Las Vegas
Investment highlights
- ±15,000 sf (masonry block & metal construction)
- ±1,500 sf exterior structure
- ±2.10 acres (±91,476 sf)
- Year built: 1998
- Zoning: IL with special use for retail and outside storage
- ±1.5-acre paved, walled, and gated yard
- Parking: 28 striped spaces, potential for 46 spaces
- Dock and well docks
- I-15 visibility
- Illuminated pylon signage
- Construction: Masonry block and metal
- Clear height: 18.5’ (warehouse)
- Loading: Two (2) well docks
- Dock doors: Front door 12’ x 10’/Rear door 10’ x 10’
- Power: 600A, 120/208V, 3-phase
Listing Contacts
Listed by Avison Young - Las Vegas
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