1942 E. SAHARA AVE. & 2330 SAN JOSE AVE., LAS VEGAS, NV 89104
OFFERED AT:
$775,000
CAP RATE:
8.9%
SIZE:
+/- 5,002 SF
PROPERTY INFO:
LOGIC Commercial Real Estate is pleased to present the opportunity to acquire a 100% occupied multi-tenant retail property in Las Vegas, NV. The offering features four tenants with staggered lease expirations, including a rare billboard lease. The property includes two separate retail buildings totaling +/-5,002 square feet situated on +/-0.39 acres. Two of the four leases were just renewed illustrating the tenants’ commitment to the site, and two of the tenants have been there for over 10 years.
HIGHLIGHTS:
• STABILIZED INVESTMENT OPPORTUNITY:
The offering includes a 100% occupied four tenant retail property - two of the four tenants have been at the site for over 10 years.
• ON-SITE BILLBOARD:
The property features a very rare and desirable billboard ground lease providing additional income to the site.
• RECENT RENEWALS:
Two of the four tenants recently renewed their leases demonstrating their commitment to the location.
• STAGGERED LEASE EXPIRATIONS:
The leases feature staggered expirations providing security for an investor (2019, 2020 and 2024, respectively).
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