For Sale
5 Bay Automotive Repair Garage - Investment Opportunity
Property Description:
Investment Overview:
The subject property is a single tenanted, investment NNN asset, secured by a current five (5) year lease.
Durango Llantera Auto Service has been an integral part of the Las Vegas community for over 15 years.
During this time they have built an excellent reputation based on their professionalism and outstanding customer service.
Highly visible corner lot located in the East Lake Mead Blvd. & Dolly Lane section of the city with 120 feet (+/-) of frontage.
The current tenant occupied repair garage offers a full range of automotive services including:
Electrical Power: 200 Amp+
C2 - Commercial Zoning permits a wide variety of uses.
Outside storage uses permitted.
All licenses are current and in effect.
Perfect opportunity for Auto Repair, Tire Installation, Used Car Sales & Commercial / Re-Development users.
Potential to earn a high net income with a trusted and established automotive tenant.
Investment Overview:
The subject property is a single tenanted, investment NNN asset, secured by a current five (5) year lease.
Durango Llantera Auto Service has been an integral part of the Las Vegas community for over 15 years.
During this time they have built an excellent reputation based on their professionalism and outstanding customer service.
Highly visible corner lot located in the East Lake Mead Blvd. & Dolly Lane section of the city with 120 feet (+/-) of frontage.
The current tenant occupied repair garage offers a full range of automotive services including:
- Automotive Maintenance, Tire Installation, Oil Changes and more.
- Includes reception area for customers, private offices, stock room and two washrooms;
- 5 - Grade Level, Drive-in Bay Doors;
- Pylon Signage
- Heating: Forced Air/Natural Gas
- Alarm & Security Camera Systems
- Fully fenced yard
Electrical Power: 200 Amp+
C2 - Commercial Zoning permits a wide variety of uses.
Outside storage uses permitted.
All licenses are current and in effect.
Perfect opportunity for Auto Repair, Tire Installation, Used Car Sales & Commercial / Re-Development users.
Potential to earn a high net income with a trusted and established automotive tenant.
Property Facts:
Municipal Address: 4528 E. Lake Mead Blvd., Las Vegas, Nevada
Year Built: 2000
Tenancy: Single
Lease Term: 5 Years
Remaining Term: 4.2 Years
Lease Commencement: 01/01/2021
Lease Expiration: 12/31/2026
Net Rentable: 6,000 square feet (+/-)
Price / Sq. Ft.: $266.67
NOI: $84,000.00
Cap Rate: 5.25%
Sale Type: Investment.
Municipal Address: 4528 E. Lake Mead Blvd., Las Vegas, Nevada
Year Built: 2000
Tenancy: Single
Lease Term: 5 Years
Remaining Term: 4.2 Years
Lease Commencement: 01/01/2021
Lease Expiration: 12/31/2026
Net Rentable: 6,000 square feet (+/-)
Price / Sq. Ft.: $266.67
NOI: $84,000.00
Cap Rate: 5.25%
Sale Type: Investment.
Investment Highlights:
Long term stable tenant
Ideal opportunity to purchase and hold for future development.
Long term stable tenant
Ideal opportunity to purchase and hold for future development.
Additional Notes:
**Please Do Not Go Direct. Do Not Disturb Tenant & Their Employees & Customers**
Allow ample time for showings
**Please Do Not Go Direct. Do Not Disturb Tenant & Their Employees & Customers**
Allow ample time for showings
Property Documentation:
| 4528_e_lake_mead_marketing_flyer.pdf |
Sales Price: $1,600,000.00 USD*
Viewing: By Appointment Only
Buyer or Buyer's Real Estate Agent to verify all information and measurements in order to make an informed offer.
Viewing: By Appointment Only
Buyer or Buyer's Real Estate Agent to verify all information and measurements in order to make an informed offer.
For further details contact:
Jesse Chippoletti, Realtor
Keller Williams Realty Las Vegas
9420 W. Sahara Ave.
Suite 100
Las Vegas, Nevada
89117
Office: 702.212.2222 | Direct: 702.445.9835
NV Lic.#S.183946
Brokerage Website: www.kwlasvegas.com
Keller Williams Realty Las Vegas
9420 W. Sahara Ave.
Suite 100
Las Vegas, Nevada
89117
Office: 702.212.2222 | Direct: 702.445.9835
NV Lic.#S.183946
Brokerage Website: www.kwlasvegas.com
The MOST Agent-Centric Real Estate Company
Request More Information
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to error omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions, imposed by our principals.