1018 S Main St
Las Vegas, NV 89101
Retail Property For Sale

Fully executed 15 year lease with construction started. All numbers are true NNN in the pro forma. See attachments. New construction in the arts district projected to be completed in early 2019. Tenant has committed over 7 figures into the tenant improvements above the landlord concessions in addition to a $302K security/guarantee deposit. Lease contains 3% annual escalation. The tenant is an established entity will a long and successful history with multiple locations. The facility will be a destination for local and tourists alike. The Arts District is adjacent to the downtown business district that houses the local and federal courts that are surrounded with legal offices. There are two lots included in the project and the existing building is being demolished. The city has just completed an extensive improvement/beautification project that widened the sidewalks and created one way streets in the front and rear of this property. All costs to be borne by the tenant except Landlord administrative expenses (property management, legal/accounting). Utilities will be in the tenants name directly. Landlord will pay the property taxes and insurance directly and charge tenant an estimated monthly equivalent amount and true up annually to actual costs such that these costs are 100% pass through.