7686 Las Vegas Blvd S - Fast Food CONDO FOR SALE


Las Vegas, NV 89123
$1,200,000 USD
312-217-9337
7686 Las Vegas Blvd S, Las Vegas, NV for Sale
$1,200,000 USD
Fast Food CONDO - FOR SALE
1/8
null | 5% Cap Rate

7686 Las Vegas Blvd S
Las Vegas, NV 89123


HIGHLIGHTS

  • Strategically Positioned in high-profile retail trade area on Las Vegas Blvd.
  • The building was constructed in 2018, and the tenant improvements were completed in 2022.
  • Absoulted NNN. Zero landlord responsibility.
  • A 5+5 year lease term with 3% annual increase.
  • Strong co-tenacy of hotels, retail stores, and restaurant services. It is outparceled to Las Vegas Premium South Outlets.
  • Just minutes from Town Square, the Strip, Raiders Stadium, and Harry Reid International Airport.

OVERVIEW

Prime investment opportunity. The tenant is currently in the 3rd year of a 5 year lease. The next rent escaltion is scheduled to occur in Auguest 2025 with 3% annually thereafter. Additinally, the tenant has one (1) five-year renewal option available.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$876 USD /SF

CAP RATE

5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

1,370 SF

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.14 AC

LAND SF

223,845 SF

ZONING

CT

APN/PARCEL ID

177-09-210-005

ASK ABOUT THIS PROPERTY

Sylvia B. TieSilver Star Investment Group LLCMore Info
312-217-9337

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Sylvia B. TieSilver Star Investment Group LLCMore Info
312-217-9337

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