1855 E Warm Springs Rd
5,906 SF Retail Building Las Vegas, NV 89119 $3,000,000 ($507.96/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Single Tenant NNN at 7.2% Cap rate with 2 - 5 Year Options to Renew
- Prime Frontage on E Warm Springs Rd, 2 Miles from I-215 / Warm Springs and adjacent to CVS
- Tenant is a Regional Operator of Animal Hospitals with 32 locations around the SW United States
EXECUTIVE SUMMARY
Discover an exceptional investment opportunity at 1855 E Warm Springs Rd – a single-tenant NNN investment property with a 7.2% cap rate, located in the thriving Harry Reid International Airport Submarket. This property is home to a well-established animal hospital operated by a strong regional veterinary group with 32 locations across the Southwestern United States.
Strategically positioned just 3.5 miles (7 minutes) from Harry Reid International Airport, this property offers unparalleled convenience and access. The site is situated a mere 2 miles east of the I-215 and Warm Springs exit, providing seamless connectivity to the greater Las Vegas area. Additionally, it is only 0.4 miles away from the bustling Albertsons Regional Power Retail Center at the corner of Warm Springs and Eastern, ensuring consistent traffic and visibility.
This asset presents a unique opportunity for investors seeking a stable, long-term investment with a reputable tenant in an in-demand location.
Strategically positioned just 3.5 miles (7 minutes) from Harry Reid International Airport, this property offers unparalleled convenience and access. The site is situated a mere 2 miles east of the I-215 and Warm Springs exit, providing seamless connectivity to the greater Las Vegas area. Additionally, it is only 0.4 miles away from the bustling Albertsons Regional Power Retail Center at the corner of Warm Springs and Eastern, ensuring consistent traffic and visibility.
This asset presents a unique opportunity for investors seeking a stable, long-term investment with a reputable tenant in an in-demand location.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,906 SF
Building Class
B
Year Built
1995
Price
$3,000,000
Price Per SF
$507.96
Cap Rate
7.20%
NOI
$216,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.53 AC
Zoning
C-2
Parking
12 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
129’ on Warm Springs Rd
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 177-11-501-002 | Improvements Assessment | $318,915 |
| Land Assessment | $80,952 | Total Assessment | $399,867 |
