Listed by Cambridge Group
$3,200,000
734 & 774 N Nellis
Details
Property Type Retail
Sub Type Auto Shop, Restaurant
Cap Rate 5.76%
NOI $184,164
Occupancy 100%
Tenancy Single
Brand/Tenant Pep Boys
Lease Type Absolute NNN
Investment Type Net Lease
Retail | 5.76% CAP
Marketing description
Presenting an exceptional investment opportunity: the 774 & 734 N. Nellis Blvd in Las Vegas! Strategically located in the bustling East Las Vegas area, this property boasts a standalone building leased to the renowned automotive giant, Pep Boys, and a ground lease hosting a popular local Mexican restaurant with a convenient drive-thru option.
With stable, diversified income from fully occupied spaces and a prime location along N. Nellis Boulevard with high daily traffic counts exceeding 21,000, this offering is a lucrative prospect. The property features modern amenities and strong tenant profiles, including Pep Boys, a household name in car care services, and Catalina Mexican Kitchen, offering authentic Mexican cuisine with a unique twist.
Priced at $3,200,000 with a 5.75% cap rate and a NOI of $184,164, this investment presents an outstanding opportunity for investors looking to add a quality asset to their portfolio in the vibrant Las Vegas market. Take advantage of this chance to acquire a property that combines stability, growth potential, and prime location in one package!
Listing Contacts
Listed by Cambridge Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$184,164.00
$15,347.00/mo
Valuation Metrics
0
DSCR
5.76%
Cap Rate
5.76%
ROI
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