Financial Summary
| Asking Price | $3,550,000 |
| Cap Rate | 4.90% |
| Net Operating Income (NOI) | Call for Details |
| Lease Type | Ground Lease, NNN |
| Increases | 5% Every 5 Years |
Highlights
- Brand new 15-year ground lease
- New construction with 2021 completion date
- Signalized corner location with ample street visibility and multiple ingress/egress
- Located in Las Vegas, the 28th most populated city in the United States and the most populated city in the State of Nevada
- Nearby neighborhood shopping centers & national credit retailers: Wendy’s, Autozone, Dollar General, 99 Cents Only Stores, Domino’s Pizza, Jack in the Box, Walgreens, and more
- Absolute NNN lease with zero landlord expense
- Seller will credit the buyer from the close of escrow until rent commencement the monthly rent per the lease. Therefore, extending the lease period more than 15 years
Location
3220 North Pecos Road
Las Vegas, NV
