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4800 W Washington Ave 2,200 SF Retail Building Las Vegas, NV 89107 $1,630,150 CAD ($740.98 CAD/SF) 5% Cap Rate
Investment Highlights
- 40+ Years Occupancy History
- 10% Rent Bumps Every 5 Years
- 3+ Years Remaining Term, w/ 5-Year Option
- ±44,000+ Vehicles Per Day at Intersection
Executive Summary
±2,200 SF 7-Eleven corporate net leased investment opportunity located at the signalized intersection of Decatur Boulevard and Washington Avenue in Las Vegas. The property features more than 40 years of occupancy history with approximately 3 years remaining on the current lease term plus a 5-year renewal option and 10% rent increases every five years. Situated on ±0.26 acres with exposure to more than 44,000 vehicles per day at the intersection, the site offers a stable single-tenant investment in a dense infill trade area near major retail, medical, and residential corridors.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,200 SF
Building Class
C
Year Built
1966
Price
$1,630,150 CAD
Price Per SF
$740.98 CAD
Cap Rate
5%
NOI
$81,508 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.26 AC
Zoning
C-1
Parking
12 Spaces (5.45 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 138-25-618-057 | Improvements Assessment | $53,563 CAD |
| Land Assessment | $79,199 CAD | Total Assessment | $132,763 CAD |
Property Taxes
Parcel Number
138-25-618-057
Land Assessment
$79,199 CAD
Improvements Assessment
$53,563 CAD
Total Assessment
$132,763 CAD
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4800 W Washington Ave
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