4825 Smoke Ranch Rd, Las Vegas, NV 89108
4,200 SF | 100% Leased | Retail Building | Las Vegas, NV 89108 | $1,805,000 ($430/SF) | 6.65% Cap Rate
For Sale
Active
Asking Price $1,805,000
- Property Type
-
Retail
- Square Feet
- 4,200 SF
- Price / Square Foot
- $430
Listing Contacts
John Andreini
- Property Info
Property Overview
A 10-year absolute NNN lease USA Auto Service featuring 3% annual rental increases throughout the base term and option periods. The subject property is located just one mile from Hylo Park – a 73-acre mixed-use neighborhood comprised of a 100,000 SF hockey facility, 150-room first-class hotel, 665 housing units, and other major retail/restaurant users.
Property Details
- Class
- C
- Year Built/Renovated
- 1999/2023
- Stories
- 1
- Property Subtype
- Vehicle Related, Freestanding
- Lot Size (sq. ft)
- 19,602 SF
Highlights
- 10-year absolute NNN lease with 3% annual – zero landlord expense or maintenance obligations
- Corporate Lease (20+ Locations) & Personal Guaranty by Founder
- Auto Management, Inc. has experienced 54.62% revenue growth since 2019
- Significant renovations made to the property in 2023 which included installing new office flooring, signage, swamp coolers, and auto lifts
- Tenant has 21 locations ex clusively in Vegas with 4 more in development
- Multiple major developments in progress in the direct trade area including Hylo Park and NLV Gateway Village
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