3162-3164 Las Vegas Blvd N - Auto Repair FOR SALE


Las Vegas, NV 89115
$3,900,000 USD
702-595-8765
3162-3164 Las Vegas Blvd N, Las Vegas, NV for Sale
$3,900,000 USD
Auto Repair - FOR SALE
1/6
null | 6.22% Cap Rate

3162-3164 Las Vegas Blvd N
Las Vegas, NV 89115


HIGHLIGHTS

  • STABILIZED CASH FLOW: Property is 100% leased to a mix of automotive related tenants who have recently signed term NNN leases.
  • EASE OF OWNERSHIP: Tenants are responsible for maintenance, repair, and replacement of nonstructural portions of premises.
  • LONGEVITY OF TENANTS: All tenants have operated at the Property since before 2014.
  • SIGNIFICANT RECENT CAPITAL IMPROVEMENTS: Over the past few months, the Property has seen substantial upgrades.
  • STRATEGIC LOCATION: Property is located with ±180 ft of frontage on N. Las Vegas Blvd.
  • INCOME TAX-FREE STATE: Nevada has no state income tax.

OVERVIEW

The Investment Services Group of LOGIC Commercial Real Estate has been exclusively retained to offer qualified investors the opportunity to acquire a ±16,460 SF multi-tenant, two-story automotive retail & service building along with a ±2,159 SF single-story retail building and a separate vehicle smog station located at 3162 & 3164 N. Las Vegas Blvd a northeast suburb of the Las Vegas MSA situated on a ±1.24 AC parcel. The Property is 100% occupied by five tenants: two mechanic shops, a tire shop, a wheel repair shop, and an automotive battery store with a vehicle smog station. All tenants have been at the Property since before 2014 and have recently signed new term leases. The Property is well situated on N. Las Vegas Blvd, northeast of N. Pecos Rd. which sees ±18,500 vehicles per day. Link to OM: https://logiccre.com/1031_properties/3162-3164-n-las-vegas-blvd/

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$209 USD /SF

CAP RATE

6.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

IP

APN/PARCEL ID

140-18-102-029

ASK ABOUT THIS PROPERTY

Cathy JonesLogic Commercial Real EstateMore Info
702-595-8765

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Cathy JonesLogic Commercial Real EstateMore Info
702-595-8765

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.