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31399763
31434694

3206 Las Vegas Blvd N, Las Vegas, NV 89115

GV
NV 0182234
LOGIC Commercial Real Estate
Listed by LOGIC Commercial Real Estate
$1,399,000
75 days on market
Updated 30 days ago

3206 N Las Vegas Blvd - Automotive Investment Sale

Details
APN 140-18-102-008
Property Type Retail
Sub Type Auto Shop
Square Footage 3,000
Cap Rate 5.37%
NOI $75,143
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5.1
Lease Expiration 11/30/2030
Remaining Term 4.5
Rent Bumps Yes
Price per SqFt $466
Acreage 0.370
Zoning CG
Investment Type Net Lease
Lease Commencement 11/01/2025
Occupancy Date 11/01/2025
Sale Condition For sale by owner

Retail | 5.37% CAP | 3,000 SqFt

Marketing description

A turnkey NNN investment opportunity on N. Las Vegas Blvd. in North Las Vegas. The property consists of a ±3,000 SF building on a ±0.37-acre lot, currently leased to Desert Towing — an established automotive services operator serving the greater Las Vegas metro area.

The tenant is operating under a 5-year NNN lease executed October 2025, running through November 2030, with 3% annual rent escalations and a starting base rent of $6,500/month. All taxes, insurance, and maintenance obligations fall on the tenant, keeping landlord responsibilities minimal.

The building features a 3-bay garage with two car lifts, three separate garage spaces, a fully fenced and secured lot, automatic blinds and shutters, 24-hour access, and on-site signage. Zoned CG (Commercial General) under Clark County, the property supports a wide range of commercial uses beyond automotive.

Positioned at the signalized intersection of N. Las Vegas Blvd. and Pecos Rd., the site benefits from strong surrounding industrial, retail, and multifamily density. Neighboring tenants and demand drivers include Walmart Distribution, Amazon, the Las Vegas Metropolitan Police Department, and Nellis Air Force Base.

Investment highlights

The tenant is operating under a 5-year NNN lease executed October 2025, running through November 2030, with 3% annual rent escalations and a starting base rent of $6,500/month. All taxes, insurance, and maintenance obligations fall on the tenant, keeping landlord responsibilities minimal.

Listing Contacts

GV
NV 0182234
LOGIC Commercial Real Estate
Listed by LOGIC Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$75,143.00
$6,261.92/mo

Valuation Metrics

0
DSCR
5.37%
Cap Rate
5.37%
ROI

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Additional Information

Name
Gil Villegas
License
0182234
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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