3176 W Martin Ave 16,500 SF Retail Building Las Vegas, NV 89118 $7,300,000 ($442.42/SF) 6.03% Cap Rate

This prime commercial property, formerly built to suit a feed store specializing in ranching materials, offers a unique opportunity for both immediate income and long-term development. Located near Sunset with clear visibility from I-15, the site benefits from high traffic exposure and easy highway access. The building features a butler roof with a peak height of 17.5 feet and a drop ceiling, making it highly adaptable for various commercial or industrial uses.
The current lease is structured at $2 per square foot NNN, generating approximately $360,000 annually, with a five-year term signed in May and options to renew. In addition to its core lease income, the property includes two passive income streams: a long-term cell tower lease with SDC through 2049, producing $80,000 annually, and a billboard lease with Clear Channel, also extending through 2049. The billboard enjoys unobstructed visibility from I-15, enhancing its value and exposure. Both leases are included in the cap rate, and the cell tower benefits from a special electrical easement, with all maintenance handled by the provider. These features make the property a compelling investment with stable cash flow and significant upside potential for redevelopment or expansion.
Avison Young is pleased to present this exceptional opportunity featuring versatile zoning and high visibility. Situated on ±2.10 acres, the property consists of a single tenant, 100% leased,  ±15,000 square feet single-story industrial warehouse building with yard. The property also benefits from additional long term lease revenue of on-site billboard and cell tower. This offering combines an immediate revenue stream of Eazy Rent Car Rental and passive income making it an ideal investment opportunity in the strategic southwest area of Las Vegas.