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Exclusive Offering: New NNN Investment Property Now Available
This offering presents a rare opportunity to acquire a newly listed, stabilized net-leased investment property in the desirable Las Vegas, Nevada market. The property is fully leased to Southwest Specialty Contractors on a long-term, triple-net lease, providing a secure and predictable income stream.
Financial Highlights:
Net Operating Income (NOI): $1,320,000
Capitalization Rate: 6%
Asking Price: $22,000,000
Lease Term: 15-year leaseback with three (3) five-year renewal options.
Tenant Overview:
Tenant: Southwest Specialty Contractors (https://www.swscontractors.com/projects)
Tenant Profile: Southwest Specialty Contractors is a leading specialty subcontractor known for exceptional customer service, a wide range of expertise, unparalleled experience, and a dedicated team. They pride themselves on delivering high-quality products and prioritizing customer satisfaction. Their project portfolio showcases their diverse capabilities and strong presence in the construction industry.
Projects: Allegiant Stadium, Apple Store, Las Vegas Ballpark, Amazon Distribution Center, Facebook, Table Moutain Casino, Raiders Healthcare Performance Center, Circa, and many more. Please visit their website for a detailed list of projects.
Property Highlights:
Address: 5990 S Buffalo Drive, Las Vegas, NV 89113
Zoning: IP - Industrial Park
Property Size: 2.23 acres