1418 W Craig Rd | North Las Vegas, NV 89032
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1418 W Craig Rd
North Las Vegas, NV 89032
O'REILLY AUTO PARTS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Best in Class Tenant: O’Reilly Auto Parts ($ORLY) features a market cap of ±$56B, including a BBB (S&P) investment grade credit rating.
- Excellent Foot Traffic: According to AlphaMap, this O’Reilly location ranks in the top 11% in the country, the top 17% in the state
- Ideal Retail Synergy: O’Reilly Auto Parts has extremely strong road visibility seeing over 51,000 vehicles daily.
- Rare Absolute NNN Lease Structure: O’Reilly operates under an absolute NNN lease which includes an 8% increase in each of the four, 5-year options
- Below Market Rents: O’Reilly is currently paying ±22% below market rent, securing this location as a long-term and safe investment.
- Pandemic/Recession Resistant Business Model: O’Reilly Auto Parts was considered an essential retailer, therefore their stores stayed open for business
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.20
Lot Size
0.80 AC
Zoning
C2, North Las Vegas - Commercial
Parking
39 Spaces (5.57 Spaces per 1,000 SF Leased)
Frontage
501’ on Camino Al Norte Ave
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 139-04-602-008 | Improvements Assessment | $151,849 |
| Land Assessment | $207,346 | Total Assessment | $359,195 |
PROPERTY TAXES
Parcel Number
139-04-602-008
Land Assessment
$207,346
Improvements Assessment
$151,849
Total Assessment
$359,195
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