Income-producing owner-user opportunity in the highly sought-after Craig Road corridor, one of the busiest and most coveted locations in Las Vegas. This 11,270 SF building is shadow anchored by a high-volume Albertsons grocery store (NYSE: ACI) and currently has three tenants: Dollar Max, occupying the end-cap 2,824 SF (Suite 150); Energym in Suite 110, occupying 2,235 sf; and Wells Fargo, which has an ATM machine in the parking lot. The former Humana space, measuring 6,211 SF, is the only true vacancy. However, Dollar Max will vacate upon request, making the total potential available square footage 9,035 SF.
This presents an excellent opportunity for an owner-user to purchase an amazing property in a prime location and occupy between 6,211 SF and 9,035 SF while collecting rental income from the remaining tenants. The current income with Dollar Max in place is approximately $110,003. An investor could also purchase this property, lease out the available space, and build to a 7% cap rate, making it an attractive investment opportunity in a high-traffic area with strong anchor tenants.