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29208130
29208129

2024 W Ann Rd, North Las Vegas, NV 89031

DS
NV NV 0144024
Sansone Investments
BA
NV S.0200404
Sansone Investments
Listed by Sansone Investments
$1,350,000
145 days on market
Updated 23 days ago

2024 W Ann Rd, North Las Vegas NV 89031

Details
APN 124-29-802-013
Property Type Land, Retail
Sub Type Auto Shop
Square Footage 7,280
Net Rentable (SqFt) 7,280
Units 2
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Rent Bumps Yes
Lease Options 2
Pro-Forma Cap Rate 21.85%
Pro-Forma NOI $294,986
Price per SqFt $185
Class B
Buildings 2
Stories 1
Acreage 0.840
Zoning C1 (Commercial)
Investment Type Value Add

Land Investment Opportunity

Marketing description

2024 N Ann Road offers a shovel-ready land investment opportunity in the North Las Vegas submarket with a fully executed long-term lease in place to USA Auto Services, a well-established automotive service operator with 20+ locations throughout the Las Vegas Valley. This offering allows an investor to acquire the land and develop the project pursuant to the signed lease, eliminating leasing risk and significantly reducing development uncertainty.

The 0.84-acre parcel is fully entitled with approved plans and permits for a 7,280 SF auto service facility, allowing construction to begin immediately. The offering is land only, providing a clear path for an investor or developer to step in, complete construction, and deliver a pre-leased asset backed by a creditworthy tenant.

USA Auto Services is a proven operator specializing in full-service automotive repair and maintenance, with a strong operating history and expanding footprint across the Las Vegas market. !Recession resistant tenant!

The tenant has executed a long-term absolute NNN lease, providing a passive ownership structure with predictable income upon project completion.

The site features strong visibility along Ann Road with traffic counts of approximately 22,046 vehicles per day, along with additional exposure from Clayton Street at approximately 12,921 vehicles per day. The property benefits from convenient access to the CC-215 Beltway and I-15 and is surrounded by national retailers including Walmart, Costco, Sprouts, Smith’s, and Albertsons, supporting long-term tenant performance.

High Demographics with over 1,123,956 population within 10 mile radius.

Investment highlights

  • Land Investment Opportunity

  • Shovel-Ready Development

  • Strong Tenant – USA Auto Services | 20+ locations

  • Prime Exposure – ±22,046 VPD on Ann Rd

  • Total Building | 7,280 SF Auto Repair

Listing Contacts

DS
NV NV 0144024
Sansone Investments
BA
NV S.0200404
Sansone Investments
Listed by Sansone Investments

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Additional Information

Name
Devon Sansone
License
NV 0144024
Name
Ben Atias
License
S.0200404
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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