3650 W Cheyenne Ave - Industrial FOR SALE


North Las Vegas, NV 89032
$17,515,000 USD
480-221-4221
3650 W Cheyenne Ave, North Las Vegas, NV for Sale
$17,515,000 USD
Industrial - FOR SALE
1/9
null | 6.25% Cap Rate

3650 W Cheyenne Ave
North Las Vegas, NV 89032


HIGHLIGHTS

  • New 18-Year Lease | National Tenant | Corporate Guaranteed | Scheduled Rental Increases | Brand New Construction
  • NNN | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Adjacent to Airport Excellent Visibility & Access | Close to Freeways
  • Close to Retail Centers | Cheyenne Market Place and Others
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, newly constructed, 56,500 square foot two-tenant industrial building investment property, located in the BLAK Cheyenne Industrial Park in North Las Vegas, NV (Las Vegas MSA). The anchor tenant, Morsco Supply, occupying 35,000 square feet, recently signed a brand new 18-year lease with 2 (5-year) options, demonstrating their commitment to the site. The lease features attractive 5% rental increases every three years, steadily growing NOI and hedging against inflation. The lease is corporate guaranteed and is NNN with minimal landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. The building is a class A facility with brand new state-of-the-art, concrete tilt-up construction, with modern amenities and design.

FOR SALE DETAILS

PRICE

$17,515,000 USD

PRICE/SF

$310 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BLAK Cheynne Industrial Park | NNN

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

UTILITIES

-

CLEAR CEILING HT

28 Ft

DOCKS

4

DRIVE INS

3

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.1

LAND SF

135,036

ZONING

M-D

APN/PARCEL ID

139-08-417-001

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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