IHOP Leasehold Sale
IHop Leasehold Interest | 4,022 SqFt
Marketing description
Unique opportunity to capitalize on a highly visible, infill retail location surrounded by strong national tenancy and daily consumer traffic. The property’s placement within a proven retail corridor, combined with its accessibility and co-tenancy, supports long-term tenant success and stable investment performance. Seller is selling the remaining lease term, expires 8/1/2035 which has a fixed monthly $16,324 which is being sold as an annuity. Price was determined by discounting the monthly rent at 6.17%. Land is also leased with mirrored terms and buyer pays directly. Tenant has 1, 5 years option to extend at end. Call for terms. Tenant does not know for sale. Do not go through the building without us.
NNN rent
Strategically positioned just east of the signalized intersection of W. Craig Road and Clayton Street, 2026 W. Craig Road is located within one of North Las Vegas’ most active and established retail corridors. The property benefits from excellent frontage along Craig Road, a major east-west arterial, and is surrounded by a dense concentration of national retailers, service providers, and daily-needs tenants.
Directly adjacent to the site is a high-performing neighborhood shopping center anchored by ALDI and Big 5 Sporting Goods, with additional tenants including Taco Bell and Clayton Market. Across Craig Road, the property is supported by a strong lineup of national retailers including Burlington, Chase Bank, and Bank of America, all contributing to consistent daily traffic and strong consumer draw.
Investment highlights
Unique opportunity to capitalize on a highly visible, infill retail location surrounded by strong national tenancy and daily consumer traffic. The property’s placement within a proven retail corridor, combined with its accessibility and co-tenancy, supports long-term tenant success and stable investment performance. Seller is selling the remaining lease term, expires 8/1/2035 which has a fixed monthly $16,324 which is being sold as an annuity. Price was determined by discounting the monthly rent at 7.5 %. Land is also leased with mirrored terms next extension is 5 years 8/1/2030 and buyer pays directly, currently $8,723.58 plus NNN. Tenant has 1, 5 years
option to extend at end of current building lease. All terminate 7/31/2040 Call for terms. Tenant does not know for sale. Do not go through the building without us.
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