Historical Retail Sale Listing - Rapid Cash - Maryland Parkway

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Rapid Cash - Maryland Parkway

2710 A S Maryland Parkway, Las Vegas, NV 89109

N/A

1,350 SF | Retail

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Retail Property - Off Market

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

Highlights

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

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.

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