This property is Off-Market

2710 A S Maryland Parkway
Las Vegas, NV 89109 ·

1,350 SF · Retail For Sale

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Rapid Cash - Maryland Parkway

Price N/A Occupancy 100%
Building Size 1,350 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 1963
Property Use Type Net Lease Investment with 3 years left on lease Lot Size 7,405 SF
Cap Rate 9.15%
Listing ID: 16131225 Date Created: 03/04/2009 Last Updated: 08/20/2009

Description

This single-tenant freestanding absolute net retail investment is an excellent passive income opportunity. The tenant is responsible for Taxes, Insurance and all maintenance. Speedy Cash operates over 80 financial service stores across the western half of the United States. The tenant has 2 - 5 year options and the lease provides for 3% annual rent increases throughout the Primary and Option terms. This property is available for sale individually or as part of a 21 property portfolio.

This property is located at the hard SEC of the major intersection of S. Maryland Pkwy. and Karen Ave.. The property is directly across the street from CVS and Las Vegas Athletic Club. Just to the North is a large center anchored by Albertson's and a large center anchored by Smith's Food & Drug. Walgreens, Rite Aid, McDonald's, Jack in the Box, Starbucks and Fallas Paredes are also in the vicinity. The trade area is extremely dense with almost 24,000 people within a 1 mile radius of the site.

Highlights

  • Primary Term expires 12/31/2012
  • Absolute Net Lease
  • Rent Escalates 3% Each Year
  • Freestanding building on hard corner

Research

2710 A S Maryland Parkway, Las Vegas, NV 89109 (Clark County)

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