TRIPLE NET! (8.5% CAP) SINGLE TENANT & 100% OCCUPIED (NOI > $166K) Dental & Orthodontics OFFICE FOR SALE (ONLY ASKING NOW=$1,961,000) call #1 mr wu 4 showing+info (702)334-7767

- 二月 25, 2016

Please call vegas #1 ( mr wu )

4 showing+info (702)334-7767

TRIPLE NET!
(8.5% CAP)
1-SINGLE TENANT +100% OCCUPIED
(NOI = $166K)
Dental & Orthodontics OFFICE FOR SALE (ONLY ASKING NOW=$1,961,000)

Price:: $1,961,000
Building Size:: 7,980 SF
Price/SF:: $245.74
Property Type:: Retail
Property Sub-type:: Retail (Other)
Additional Sub-types:: Free Standing Bldg
: Retail Pad
Property Use Type:: Net Lease Investment with
: 6 years left on lease

Cap Rate:: 8.50%
Occupancy:: 100%
Tenancy:: Single
Year Built:: 1991
Lot Size:: 42,698 SF
Listing ID: 19645805
Last Updated: 6 days ago

Highlights

Corporate Guaranty By Strong National Tenant
Dark Tenant with Rare Annual Rental Increases and Over 6.5-Years Remaining in Primary Term
Below Market Rents / Value Add Opportunity
Superior Location near University Medical Center (UMC)
Close Proximity to McCarran International Airport & Las Vegas Strip
Strong Infill Demographic Trade Area

Description

We are pleased to offer for sale the fee simple interest (land & building) in a freestanding, single tenant, absolute NNN leased, Coast Dental & Orthodontics, located in Las Vegas, NV directly across from the University Medical Center on W. Charleston Boulevard. The tenant, Coast Dental & Orthodontics, is currently dark, but still paying rent, and has approximately 6.5-years remaining in the current lease term. The property features below market rents, and is a perfect value-add opportunity for an investor to collect cash flow while searching for a new tenant, or the property is ideal for an owner/user opportunity.

The lease features rare annual rental increases throughout each year of the term which generates steady NOI growth and hedges against inflation. The lease is an absolute triple net (NNN), whereby the tenant pays for all costs associated with the property.

Coast Dental & Orthodontics is ideally located off of W. Charleston Boulevard (45,600 vehicles per day). The subject property is in close proximity to the University Medical Center which has approximately 3,500 employees, and over 540 bed spaces. This hospital is the closest in proximity to the Las Vegas Strip at less than 1.5 miles away. The site benefits from strong infill demographics with over 537,000 potential customers and approximately 530,000 day-time employees within a 5-mile radius of the subject property. The property is located in an area with an average household income of more than $53,857 within a 3-mile radius.