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Red Dragon & Subway | NNN | 24hr Location 2109 S Magic Way 6,100 SF 100% Leased Retail Building Henderson, NV 89002 $3,316,000 ($543.61/SF) 5.50% Cap Rate

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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.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Building Size

6,100 SF

Building Class

Year Built

2021

Price

$3,316,000

Price Per SF

$543.61

Cap Rate

5.50%

NOI

$182,367

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.09

Lot Size

1.63 AC

Zoning

Parking

23 Spaces (3.77 Spaces per 1,000 SF Leased)

Frontage

754’ on S Magic Way

Dedicated Turn Lane

Freeway Visibility

Restaurant

Signage

Red Dragon Gaming & Spirits
Accommodation and Food Services
99,999 SF
-
Lorem Ipsum
Jan 0000

Accommodation and Food Services
99,999 SF
-
Lorem Ipsum
Jan 0000

Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.

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
	Accommodation and Food Services	99,999 SF	-	Lorem Ipsum	Jan 0000