Listed by Newmark Mountain West, Newmark Mountain West Las Vegas
$6,500,000
Marine Products
Details
APN 15-14-405-021-0000
Property Type Retail
Sub Type Storefront
Square Footage 38,696
Net Rentable (SqFt) 38,696
Cap Rate 6.69%
NOI $434,728
Tenancy Single
Brand/Tenant Marine Products
Lease Type Absolute NNN
Lease Expiration 12/29/2028
Rent Bumps Yes
Price per SqFt $168
Broker Co-Op Yes
Acreage 2.640
Zoning CG
Investment Type Net Lease
Ownership Fee Simple
High Volume Boat Dealership Real Estate For Sale, Long Term History of Operation, Absolute NNN
Marketing description
Opportunity to own the real estate of one of the premier Marine Dealerships in the Intermountain region.
Absolute NNN. No Owner responsibility.
Investment highlights
Absolute NNN Investment.
Exclusive Dealer in Utah for Mp, Moomba & Supra Boat
430' of Frontage on 1700 South
Cap Rate: 5.5%
Long Term Lease With Annual Increases
Established Tenant With Long Term Operating History
2.64 Acres, 3 Building Structures With Combined Total of 38,696 Sf Gla
Listing Contacts
Listed by Newmark Mountain West, Newmark Mountain West Las Vegas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$434,728.00
$36,227.33/mo
Valuation Metrics
0
DSCR
6.69%
Cap Rate
6.69%
ROI
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