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1490 E Quartz Ave 10,500 SF Retail Building Sandy Valley, NV 89019 $3,377,599 CAD ($321.68 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Stable income - 10-year lease with options
- Perfect 1031 Exchange - new construction; two-tenant leased investment
- Location - Sandy Valley, Nevada, approx. 45 min drive to Las Vegas
- Newly built in 2022
- Dollar Tree, Inc/Family Dollar corporate lease
EXECUTIVE SUMMARY
This offering includes a newly built Dollar Tree combo store and Water Bottle kiosk, located in Sandy Valley, Nevada. The building consists of approximately 10,500 SF and resides on 1.88 acres. This combo store is on an initial lease term of 10 years with four 5-year renewal options. The company operates 15,500+ stores across 48 states and five Canadian provinces. This net leased investment is perfect for an investor looking for stable income property with minimum management responsibilities.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,500 SF
Building Class
B
Year Built
2022
Price
$3,377,599 CAD
Price Per SF
$321.68 CAD
Cap Rate
6.50%
NOI
$219,544 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.88 AC
Zoning
C-2 - General Commercial
PROPERTY TAXES
| Parcel Number | 201-32-410-018 | Improvements Assessment | $649,969 CAD |
| Land Assessment | $19,597 CAD | Total Assessment | $669,566 CAD |
PROPERTY TAXES
Parcel Number
201-32-410-018
Land Assessment
$19,597 CAD
Improvements Assessment
$649,969 CAD
Total Assessment
$669,566 CAD
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1490 E Quartz Ave
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