Paradise Pet Hospital
4,980 SF | Office Building | Las Vegas, NV 89119 | $925,000 ($186/SF) | 6.49% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $925,000
- Property Type
-
Office
- Square Feet
- 4,980 SF
- Price / Square Foot
- $186
Listing Contacts
David Houle
Verified Profile
Jesse Chippoletti, CCIM
Verified Profile
- Property Info
Property Overview
Congrats for discovering the perfect investment gem in the heart of the Las Vegas market! KW Commercial is proud to present 1060 E Flamingo Road, an exceptional pet hospital property that promises not only steady cash flow but also a future-proof commercial real estate investment. Sitting on a generous 0.38-acre lot, this single story pet hospital offers ample parking with a 5:1 parking ratio, enhancing convenience for clients and employees alike. CG zoning further opens up exciting possibilities for future development and expansion. The property's zoning allows for various uses, ensuring flexibility for any potential business requirement in the future. With an alluring list price of $925k and an impressive 6.5% cap rate, this absolute NNN lease scenario opportunity is a masterstroke in commercial real estate investment. The property will be occupied by a thriving pet hospital business, ensuring a reliable long-term tenant whereby an investor will reap the rewards of strong immediate rental income and secure returns.
Property Details
- Class
- B
- Year Built
- 2002
- Stories
- 1
- Property Subtype
- Medical, Freestanding, Other Retail
- Lot Size (sq. ft)
- 41,818 SF
Highlights
- Single-medical office on a 0.38-acre lot w/premium frontage on high traffic road with over 55k vehicles per day
- Passive investment with a 6.5% cap rate via NNN lease arrangement with successful pet hospital business
- Recession-resistant property in the thriving pet healthcare industry
- Rarely relocated tenant type due to patient retention and investment in location
- Outstanding visibility and accessibility with impressive traffic counts
- Suited for investors seeking stability and long-term leases
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