1418 W Craig Rd - Freestanding FOR SALE
North Las Vegas, NV 89032 |
$2,727,771 USD
310-295-1170
1418 W Craig Rd
North Las Vegas, NV 89032
HIGHLIGHTS
- Best in Class Tenant: O’Reilly Auto Parts ($ORLY) features a market cap of ±$56B, including a BBB (S&P) investment grade credit rating.
- 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
- Excellent Foot Traffic: According to AlphaMap, this O’Reilly location ranks in the top 11% in the country, the top 17% in the state
- Below Market Rents: O’Reilly is currently paying ±22% below market rent, securing this location as a long-term and safe investment.
- Ideal Retail Synergy: O’Reilly Auto Parts has extremely strong road visibility seeing over 51,000 vehicles daily.
- Pandemic/Recession Resistant Business Model: O’Reilly Auto Parts was considered an essential retailer, therefore their stores stayed open for business
FOR SALE DETAILS
PRICE
$2,727,771 USD
PRICE/SF
$387 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
O'REILLY AUTO PARTS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
39
LAND DETAILS
LAND ACRES
0.8 AC
LAND SF
34,848 SF
ZONING
C2, North Las Vegas
APN/PARCEL ID
139-04-602-008
ASK ABOUT THIS PROPERTY
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310-295-1170
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310-295-1170
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