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Red Dragon & Subway | NNN | 24hr Location 2109 S Magic Way 6,100 SF 100% Leased Retail Building Henderson, NV 89002 $2,950,000 ($483.61/SF) 6.18% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Tenant Lineup | 100% Occupied | No State Income Tax | NNN Leases | Ecommerce Resistant Tenants | 24-Hour Location
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
- Signalized, Hard Corner Intersection | Highly Traveled Trade Area |Nevada State College (3,534 Students) | Dense Retail Corridor
EXECUTIVE SUMMARY
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant, freestanding, 24-hour, 100% occupied retail investment property located in Henderson, Nevada (Las Vegas MSA). The property totals 6,100 square feet and is divided into 2 suites with
Red Dragon occupying 4,800 square feet and Subway utilizing the remaining 1,300 square feet. The offering consists of a diverse, ecommerce resistant tenant lineup creating a stabilized, income stream for a new investor. Both tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor in an income tax free state. The Red Dragon operates under the Dotty’s brand, one of Nevada’s most successful gaming and tavern companies currently operating 190+ locations. Red Dragon is the Dotty’s brands Asian concept.
Red Dragon occupying 4,800 square feet and Subway utilizing the remaining 1,300 square feet. The offering consists of a diverse, ecommerce resistant tenant lineup creating a stabilized, income stream for a new investor. Both tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor in an income tax free state. The Red Dragon operates under the Dotty’s brand, one of Nevada’s most successful gaming and tavern companies currently operating 190+ locations. Red Dragon is the Dotty’s brands Asian concept.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
6,100 SF
Building Class
B
Year Built
2021
Price
$2,950,000
Price Per SF
$483.61
Cap Rate
6.18%
NOI
$182,367
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
1.63 AC
Zoning
MC
Parking
23 Spaces (3.77 Spaces per 1,000 SF Leased)
Frontage
754’ on S Magic Way
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Red Dragon Gaming & Spirits
- Accommodation and Food Services
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99,999 SF
- -
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Lorem Ipsum
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Jan 0000
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- Accommodation and Food Services
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99,999 SF
- -
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Lorem Ipsum
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Jan 0000
Subway is a privately held global quick-service restaurant brand founded in 1965. It operates through a franchise model, offering customizable submarine sandwiches, wraps, salads, and beverages. The brand emphasizes fresh ingredients and quick service across thousands of locations worldwide. Subway remains privately owned and continues to expand its footprint through franchising, maintaining its position as one of the largest restaurant chains globally.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Red Dragon Gaming & Spirits | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
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Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 179-28-721-003 | Improvements Assessment | $443,748 |
| Land Assessment | $167,745 | Total Assessment | $611,493 |
PROPERTY TAXES
Parcel Number
179-28-721-003
Land Assessment
$167,745
Improvements Assessment
$443,748
Total Assessment
$611,493
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Red Dragon & Subway | NNN | 24hr Location | 2109 S Magic Way
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