3051 N Rainbow Blvd | Las Vegas, NV 89108
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- LoopNet Team
3051 N Rainbow Blvd
Las Vegas, NV 89108
Major Reduction! Vegas AutoZone: 15 Yr. NNN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Substantial Price Reduction!! Vegas Location! Free-Standing AutoZone Outparcel to Walmart Anchored Power Ctr & Located in Income Tax Free State Nevada
- No Daily Management Responsibilities: Hands-Off Asset with Tenant Handling Expenses Direct or Through REA and Newer Roof (2018) -Warranty Through 20
- High Growth Market Already Showing Ideal Demographics: Avg. HH Incomes $96k+ &High, Population Density of High, Population Density of 432k in 5 Mile
- Investment Grade, Publicly-Traded AutoZone (NYSE: AZO\\S&P “BBB”/Moody’s “Baa1”): New 15-Yr. Lease & No Early Termination Rights
- NNN Lease Structure with Multiple Rental Increase and 2.5% Annual Increases to CAM Contribution, an Additional Income Generator to the Property
- A Whopping 60k VPD at Intersection on One of North Las Vegas’s Main Retail Corridors, Plus Additional 180k VPD w/ Highway Visibility Directly Off I-
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,712 SF
Building Class
B
Year Built/Renovated
1993/2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.48 AC
Zoning
C-1 - Commercial Business District
Frontage
1,260’ on North Rainbow Boulevard
AMENITIES
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Property Manager on Site
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Monument Signage
PROPERTY TAXES
| Parcel Number | 138-15-512-008 | Improvements Assessment | $275,973 |
| Land Assessment | $102,454 | Total Assessment | $378,427 |
PROPERTY TAXES
Parcel Number
138-15-512-008
Land Assessment
$102,454
Improvements Assessment
$275,973
Total Assessment
$378,427
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