Listed by SRS Real Estate Partners Newport Beach
$6,814,000
Ross Dress for Less
Details
APN 162-12-401-007
Property Type Retail
Sub Type Storefront
Square Footage 31,086
Cap Rate 6%
NOI $408,867
Occupancy 100%
Tenancy Single
Brand/Tenant Ross Dress for Less
Lease Type NN
Lease Term 43.5
Lease Expiration 01/31/2029
Remaining Term 2.7
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $219
Year Built 1970
Acreage 2.560
Zoning C-2: General Commercial
Parking Spaces 125 spaces
Parking Per SqFt 4.02
Tenant Credit Corporate Guarantee
Lease Commencement 08/26/1985
Ownership Fee Simple (Land & Building)
Retail | 6.00% CAP | 31,086 SqFt
Investment highlights
Long Operating History (40+ Years) | Options To Extend | Scheduled Rental Increases | Strong Sales Figures
NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
Highly Trafficked Center | Las Vegas Convention Center |Dense Retail Corridor
Rare Las Vegas Retail Opportunity | Las Vegas Tourism |High Barriers To Entry
Signalized, Hard Corner Intersection | Pylon Signage |Excellent Visibility & Access
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$408,867.00
$34,072.25/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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