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Prepared for 11/14/2018
(469) [email protected]
Properties for Sale
Presented by Jonathan AflatooniTransatlantic Real Estate Holdings
Property Details
Price $6,500,000
No. Unit 0
Gross Leasable Area 15,540 SF
Total Lot Size 1.03 AC
Property Type Retail
Property Sub-type Storefront
Cap Rate 7.02%
No. Stories 1
Building Class B
Year Built 2004
Zoning Description C-2, County
Tax ID/APN 163-19-814-006
Status Active
Property Notes
1 4825-4845 S Fort Apache Rd, Las Vegas, NV 89147
Sale Notes
7% CAP for a highly occupied multi-tenant retail property in Summerlin area of Las Vegas, Nv. Great exposure and high income demographics. Currently hasnational and regional tenants. Although KFC and Taco Bell are not included they create a draw into this center. Included in the sale are tenants Enterprise Rent-A-Car, Capriotti's Sandwich Shop, Roberto's Taco Shop and Eyebrows or Us. These long term tenants are seasoned and doing well. The property is very welllocated in the Western region of Las Vegas, Nv. There are also high traffic counts which lend to visibility from the street in both directions. The area is denselypopulated with multi-family apartments and single family homes within a 2 mile radius. Summerlin, the largest master plan in Las Vegas is located 1 mile to theWest and very populated. The property has easy ingress and egress from both directions with the I-215 beltway 3 blocks away from the subject property.
Property Description
7% CAP for a highly occupied multi-tenant retail property in Summerlin area of Las Vegas, Nv. Great exposure and high income demographics. Currently hasnational and regional tenants. Although KFC and Taco Bell are not included they create a draw into this center. Included in the sale are tenants Enterprise Rent-A-Car, Capriotti's Sandwich Shop, Roberto's Taco Shop and Eyebrows or Us. These long term tenants are seasoned and doing well. The property is very welllocated in the Western region of Las Vegas, Nv. There are also high traffic counts which lend to visibility from the street in both directions. The area is denselypopulated with multi-family apartments and single family homes within a 2 mile radius. Summerlin, the largest master plan in Las Vegas is located 1 mile to theWest and very populated. The property has easy ingress and egress from both directions with the I-215 beltway 3 blocks away from the subject property.
Highlights
Class A Multi-Tenant Retail 100% Occupied Excellent Location and Demographics High Demand Retail Area
Great Exposure Seasoned Tenants High Traffic Counts
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Property Details
Price $5,500,000
No. Unit 0
Rentable Building Area 50,800 SF
Total Lot Size 3.88 AC
Property Type Office
No. Stories 2
Building Class B
Year Built 1972
Zoning Description C-1, County
Tax ID/APN 162-24-103-002
Status Active
Property Notes
2 4221 McLeod Dr, Las Vegas, NV 89121
Property Description
4221 Mcleod Rd is a 50,800± sf Class-B two story office building located at the Southwest corner of East Flamingo Road and McLeod Drive, and approximatelyequidistant between I-15 and US-95/I-515 freeways. In the current configuration, the building’s ground floor is set up as a retail bank branch / credit union withprivate offices, bullpens, vault and 7 drive-thru lanes (2 ATM, 5 Teller). The second floor features executive offices, conference rooms, training rooms, breakrooms, call center rooms, IT rooms (with fiber connectivity). Two large parking lots can be found on the North and South sides of the building, and provide 168striped parking spaces. Removal and re-purposing of drive-thru lanes will create 50+ additional parking spaces. Priced well below recent appraised value for aquick sale.
Highlights
Secure, partially climate controlled servicevehicle storage building with 10 roll-up garagedoors. Converted partially to office use.
Large 3.88 acre parcel with 186 surfaceparking spaces.
Great corporate office potential for a widevariety of users.
Minutes away from Desert Springs Hospital(approx 1.2 miles), and Sunrise Hospital(approx 3.5 miles).
Only 1.6 miles from I-515 via East FlamingoRoad (approx 4 min) or 2.4 miles via McLeodDrive and East Tropicana Avenue (approx 3min).
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Property Details
Price $2,200,000
No. Unit 0
Rentable Building Area 9,985 SF
Total Lot Size 0.89 AC
Property Type Office
Property Sub-type Telecom Hotel/Data Hosting
Cap Rate 9.54%
No. Stories 1
Building Class B
Year Built 2005
Zoning Description C-2
Tax ID/APN 138-02-712-006
Status Active
Property Notes
3 4305 N Rancho Dr, Las Vegas, NV 89130
Photos
Property Details
Price $3,000,000
No. Unit 0
Gross Leasable Area 13,700 SF
Total Lot Size 1.36 AC
Property Type Retail
No. Stories 1
Building Class C
Year Built 1986
Zoning Description C-1, Las Vegas
Tax ID/APN 163-03-501-013
Status Active
Property Notes
4 1113-1139 S Rainbow Blvd, Las Vegas, NV 89146
Sale Notes
Rainbow Retail Center provides an unique owner occupied opportunity with the benefits of additional income from the revenue generated by the existingtenants, cell tower and water mill. Owner also is afforded additional economic benefits such as mortgage interest rate deductions, depreciation write-off andproperty appreciation. The combined benefits provide a lower occupancy cost for the owner and the prestige of property ownership.
Property Description
Located along the heavily traveled Rainbow Boulevard, Rainbow Retail Center is an approximately 13,700 square foot retail center with great street visibility.The property provides an unique opportunity for an owner/user to occupy over 51% of the building which qualifies for a SBA loan allowing a minimal 10%down payment. Building and pylon signage is available to provide substantial visibility to Rainbow Blvd. PLEASE CONTACT LISTING AGENTS FOR INCOMEINFORMATION.
Highlights
Located near the major intersection of RainbowBlvd. and Charleston Blvd.
Ownership provides a lower occupancy costas a result of the economic benefits from therental income and tax advantages
Upside income potential with the current in-place rents being below market
Tremendous visibility to Rainbow Boulevardwith +/-56,000 cars driving by on a daily basis
Located adjacent to recognized retailers suchas Wendy's, Subway and Discount Tire, whichdrive foot traffic to the property
Ability to qualify for a SBA loan which allows aminimal 10% down payment
Property Details
Price $5,737,222
No. Unit 0
Gross Leasable Area 4,410 SF
Total Lot Size 0.71 AC
Property Type Retail
Property Sub-type Freestanding
Construction Status Under Construction
Cap Rate 4.50%
No. Stories 1
Building Class B
Year Built 2019
Tax ID/APN 162-19-502-002
Status Active
Property Notes
5 Denny's, Las Vegas, NV 89103
Sale Notes
We are pleased to offer to qualified investors an opportunity to purchase (fee simple) an absolute NNN single tenant investment that is fully leased as Denny’son a brand new 20 year lease. This lease provides investors long term secure cash flow from one of the largest Denny operators in the U.S. (40+ sites) with astrong Las Vegas track record (franchisee guaranty) and a hedge against inflation from attractive 10% rental increases every 5 years.
The offering is part of a brand new mixed-use development that includes retail (Chick-fil-A, Del Taco, Walgreens, Denny’s, Wahoo’s), multi-family (360+ luxuryapartments/condos), and hospitality (Marriott - Delta Flag). Located on Resort Corridor with frontage to the Palms Casino which recently received $485 million inupgrades; this offering provides investors a truly rare opportunity to acquire a brand new 2018 construction, generational (trophy) asset, located onirreplaceable real estate in the heart of Las Vegas, NV.
Property Description
Brand New 20 Yr. Absolute NNN Lease (Fee) by Denny’s (NASDAQ: DENN) – 2018 Prototype
We are pleased to offer to qualified investors an opportunity to purchase (fee simple) an absolute NNN single tenant investment that is fully leased as Denny’son a brand new 20 year lease. This lease provides investors long term secure cash flow from one of the largest Denny operators in the U.S. (40+ sites) with astrong Las Vegas track record (franchisee guaranty) and a hedge against inflation from attractive 10% rental increases every 5 years.
The offering is part of a brand new mixed-use development that includes retail (Chick-fil-A, Del Taco, Walgreens, Denny’s, Wahoo’s), multi-family (360+ luxuryapartments/condos), and hospitality (Marriott - Delta Flag). Located on Resort Corridor with frontage to the Palms Casino which recently received $485 million inupgrades; this offering provides investors a truly rare opportunity to acquire a brand new 2018 construction, generational (trophy) asset, located onirreplaceable real estate in the heart of Las Vegas, NV.
Highlights
Brand New 20 Yr. Absolute NNN Lease (Fee)by Denny’s (NASDAQ: DENN) – 2018 Prototype
Irreplaceable High Profile Site- Flamingo CenterNew Mixed-Use Development(Residential/Hotel)
10% Rent Bumps Every 5 Yrs. includingOptions- Zero Landlord Duties- Legacy CouponClipper Asset
One of the Largest Restaurant Chains in theWorld- 1724+ Locations in the U.S.- IconicAmerican Brand
#1 Ranked Tourist Destination/Most Popular inthe World (47M+) - Tremendous PopulationGrowth
Trophy Property- One of Largest Denny’sOperators in the U.S. (40+ Sites)- Strong VegasTrack Record
Photos
Property Details
Price $2,840,000
No. Unit 0
Gross Leasable Area 9,795 SF
Total Lot Size 0.95 AC
Property Type Retail
Property Sub-type Auto Repair
Cap Rate 6.75%
No. Stories 1
Building Class C
Year Built 1999
Zoning Description C-2, County
Tax ID/APN 163-27-813-008
Status Active
Property Notes
6 7010 W Russell Rd, Las Vegas, NV 89113
Sale Notes
Marcus & Millichap is proud to present for your consideration a 9,795 square foot Auto Repair Center located at 7010 West Russell Road in Las Vegas,Nevada. This property is a great investment opportunity that provides an attractive stable income through tenants with long term rental history and brand newlease extensions.
This asset is situated in a high traffic area with excellent exposure off West Russell Road. The surrounding Southwest sub-market has quickly become one ofthe most sought after sub-markets in all of Southern Nevada due to its rapid population growth and new developments.
This opportunity is perfect for a passive investor looking for a stable investment within the Las Vegas' ideal southwest sub-market.
Highlights
Highly Desirable Southwest Submarket Excellent Location off the Northwest Corner ofRussell and Rainbow
Long Term Tenants on NNN Leases
Explosive Population Growth (76.2% Since2000)
Photos
Property Details
Price $2,200,000
No. Units 27
Building Size 15,235 SF
Total Lot Size 0.55 AC
Property Type Multifamily
Property Sub-type Apartments
Cap Rate 6.27%
No. Stories 2
Building Class C
Year Built 1972
Zoning Description R-5
Tax ID/APN 162-15-312-004
Status Active
Property Notes
7 3832 Palos Verdes St, Las Vegas, NV 89119
Sale Notes
Freedom House Sober Living has been the Tenant at 3832 Palos Verdes Street for over 8 years. 3832 Palos Verdes contains Freedom House: the 62 bed Men’sTransitional Living facility. Can be sold together with 3852 Palos Verdes for a total of $5,000,000.
Unit Mix Information
Description No. Units Avg. Mo. Rent Sq. Ft.
1+1
Photos
Property Details
Price $6,000,000
No. Units 56
Building Size 12,600 SF
Total Lot Size 0.32 AC
Property Type Multifamily
Property Sub-type Apartments
Cap Rate 6.05%
Gross Rent Multiplier 10.05
No. Stories 2
Building Class C
Year Built 1977
Zoning Description C2, Las Vegas
Tax ID/APN 139-34-410-031
Status Active
Property Notes
8 150 Hoover Ave, Las Vegas, NV 89101
Sale Notes
The Revive Arts District Studios are exceptionally well located in the heart of the fast-growing Arts District in Downtown Las Vegas. The complex offers itstenants a reimagined community living environment near numerous five-star Yelp cafes, bistros & cocktail lounges, sitting amongst plentiful employmentopportunities. The property line is adjacent to the Casino Center bus lines and less than a 5-minute walk from the recently completed Bonneville Transit CenterHub. For the social scene, the property is across the street from the First Friday Arts District festival, held monthly, showcasing local artists, music andentertainment, while only a couple hundred feet from the Las Vegas Strip itself. The Downtown Las Vegas corridor has now become a sustainable, modern,and urban city environment. The newly improved living complex is one of the pioneers of the Downtown revival, offering opportunity to any investor seeking tobreak into one of few current redevelopment and growth focused sectors of Las Vegas.
Property Description
Northcap Multifamily proudly presents the Revive Arts District Studios. This one of a kind beautification project asserts a completely remodeled apartmentbuilding in heart of the Downtown Las Vegas Arts District. The living space consists of 56,225 sq. ft., efficiency studios with entirely redesigned interiors,brand new full kitchens and modernized bathrooms. Ownership spared no expense in the transformation of the structure recrafting an urban courtyard withoutdoor dining, games, enhanced LED lighting, privacy perimeter and local artist murals. Each of the modernized micro-units has been outfitted with new airconditioning units, insulated front doors and tinted low-e windows while the 3 buildings comprising the community received brand new roofs, high speed WiFi,and a state-of-the-art video surveillance system.
Highlights
Completely Remodeled Stainless Steel Kitchens High Speed WiFi
Outdoor Dining Area w/ Built-In BBQ Ping Pong, Bocce Ball, Bike Storage Fully Secured Gated Access
Unit Mix Information
Description No. Units Avg. Mo. Rent Sq. Ft.
0+1
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