This fully leased, ±8,000 SF office building presents a rare opportunity to acquire a high-quality, turn-key investment in the heart of Downtown Las Vegas. With a newly executed 7-year NNN lease in place, the property generates a reliable annual income of $262,080, offering investors a strong 6.27% cap rate with professional management or an enhanced 6.78% cap rate if self-managed. The tenant, Sierra Sage Recovery Services, is a well-established provider of addiction treatment services, ensuring stability and long-term occupancy.
Completely remodeled in 2023-2024, the asset features modern interiors, enhanced security, and a private gated parking lot with 20 covered spaces—an exceptional amenity in the downtown submarket. Strategically located on a high-visibility hard corner, the property benefits from easy access to major highways, the Regional Justice Center, Federal Courthouses, and the bustling Downtown corridor. With no near-term capital improvements required and a reliable tenant in place, this offering provides a truly passive investment with immediate cash flow and long-term value appreciation potential.
*Note for potential owner-users: Tenant’s lease has a buy-out provision.