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AutoZone

3926 East Lake Mead Boulevard, Las Vegas, NV, USA
$1,529,126 5.15% Cap 7,370 sq ft Built 2008 Actual Site Photo Print This Page

Location

3926 East Lake Mead Boulevard, Las Vegas, NV, USA

PRICE: $1,529,126
CAP RATE: 5.15%
NET OPERATING INCOME: $78,750
SQUARE FOOTAGE: 7,370
LOT SIZE: 0.96 AC
YEAR BUILT: 2008

Corporate GuaranteeExcellent Access and VisibilityFee Simple Ground LeaseHeavily Trafficked LocationLocated on a Major Commercial ThoroughfareLong Term NNN LeaseRated CreditS&P Rated BBBSurrounded by Major RetailersZero Landlord Obligations

The subject property is a 7,370 square foot, single-tenant AutoZone located in Las Vegas, Nevada. The property is wholly leased to AutoZone under an absolute NNN ground lease calling for zero landlord obligations. The tenant has three, 5-year options to renew beyond the initial term with 10% rental increases with each. The site is ideally located on a major commercial thoroughfare and surrounded by major retailers including O’Reilly Auto Parts, Circle K, Subway, El Pollo Loco. The property is located at 3926 E. Lake Mead Boulevard, Las Vegas, NV with easy access from the Interstate I-15 and I-515 Freeways.

Las Vegas is the 28th-most populated city in the United States, the most populated city in the state of Nevada, and the county seat of Clark County. The city anchors the Las Vegas Valley metropolitan area and is the largest city within the greater Mojave Desert. Las Vegas is an internationally renowned major resort city, known primarily for its gambling, shopping, fine dining, entertainment, and nightlife. The Las Vegas Valley as a whole serves as the leading financial, commercial, and cultural center for Nevada. The city bills itself as The Entertainment Capital of the World, and is famous for its mega casino–hotels and associated activities. It is a top three destination in the United States for business conventions and a global leader in the hospitality industry, claiming more AAA Five Diamond hotels than any other city in the world.

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