Properties
USA Auto Service Multi-Care
5890 S Rainbow Blvd, Las Vegas, NV 89118
Overview
| Price | $2,991,000 |
|---|---|
| Cap Rate | 5.85% |
| Property Type | Retail |
| Building Size | 3,327 SF |
Highlights
- 15-year absolute NNN lease with 3% annual rental increases – zero landlord expense or maintenance obligations
- Lease is signed b y tenant’s parent company – Auto Management, Inc. – and features a personal guaranty from the company’s founder
- Subject property is a “Multi-Care” concept store specializing in a wide range of services (brakes, tires, batteries, etc.) providing for much higher sales volume per customer
- Part of a 5-property development located at W Oquendo Road & S Rainbow Road exposed to significant traffic counts – 50,000+ VPD
- Dense residential area – 361,516 residents within a 5-mile radius of the subject property
- Affluent market – $ 119,929 average household incomes within a 1-mile radius of the subject property
- Just 6 miles from the Las Vegas Strip – 40M+ annual visitors
Description
A 15-year absolute net corporate USA Auto Service Multi-Care featuring 3% annual rental increases throughout the base term and options. The subject property is part of a 5-parcel retail development which includes Starbucks and Conoco Phillips as well as a future dermatologist tenant and inline retail strip building. The tenant has 25+ years of experience with 21 locations in the Vegas MSA.
Location
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Contact Broker
Ryan Schulten
Senior Associate
CP Partners
| Cell | 562.230.5606 |
|---|---|
| Office | 415.274.7391 |
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