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C & R Center 2560 N Las Vegas Blvd 10,560 SF Retail Building North Las Vegas, NV 89030 $3,150,000 ($298.30/SF) 6.98% Cap Rate
Investment Highlights
- 2 buildings, free-standing mini market and multi-tenant retail building (2 separate parcel #s)
- PRICE ADJUSTMENT - 7% cap rate
- Less than 1-mile north of NLV City offices surrounded by residential and commercial users.
- Las Vegas Blvd N. frontage with major bus stop in-front of property. Working class neighborhood!
- 92% occupied with Long-term tenants with NNN leases & 3% annual rent increases
- NEW ROOF installed on the 2560 building in early 2025
Executive Summary
***7% cap rate*** 2560 & 2564 Las Vegas Blvd. N. consists of 10,560 SF of retail space. 2564 is a free-standing mini mart of 2,880 SF and inline stores consists of 8 suites of 960 SF each. Currently 1 vacant suite (960 SF) with mostly long-term tenants that all are on NNN leases, including an annual 3% rent increase. Mini-mart tenant currently has gaming machines and sells fresh produce & meat.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$231,112
|
$21.89
|
| Other Income |
$71,195
|
$6.74
|
| Vacancy Loss |
$21,161
|
$2.00
|
| Effective Gross Income |
$281,146
|
$26.62
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$64,926
|
$6.15
|
| Net Operating Income |
$216,220
|
$20.48
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $231,112 |
| Annual Per SF | $21.89 |
| Other Income | |
|---|---|
| Annual | $71,195 |
| Annual Per SF | $6.74 |
| Vacancy Loss | |
|---|---|
| Annual | $21,161 |
| Annual Per SF | $2.00 |
| Effective Gross Income | |
|---|---|
| Annual | $281,146 |
| Annual Per SF | $26.62 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $64,926 |
| Annual Per SF | $6.15 |
| Net Operating Income | |
|---|---|
| Annual | $216,220 |
| Annual Per SF | $20.48 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,560 SF
Building Class
B
Year Built/Renovated
1978/2015
Price
$3,150,000
Price Per SF
$298.30
Cap Rate
6.98%
NOI
$219,869
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.66 AC
Zoning
C-2 - General Commercial, retail stores and shops
Parking
80 Spaces (7.58 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $207,172 | |
| Land Assessment | $160,408 | Total Assessment | $367,580 |
Property Taxes
Parcel Numbers
Land Assessment
$160,408
Improvements Assessment
$207,172
Total Assessment
$367,580
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C & R Center | 2560 N Las Vegas Blvd
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