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600 E Cheyenne Ave 43,822 SF Industrial Building North Las Vegas, NV 89030 For Sale 6.56% Cap Rate
INVESTMENT HIGHLIGHTS
- Leased to single tenant that has occupied the property for over 10 years.
- Large secured yard component
- Recent improvements: LED lighting upgrade (2023), roof replacement (2021), and asphalt resealed (2023).
- Current NOI of $557,399 with a lease expiration of March 31, 2029.
- Frontage on Cheyenne Avenue and the property is 0.5 miles from I-15.
- Additional billboard income not included in Net Operating Income.
EXECUTIVE SUMMARY
This offering provides a rare opportunity to acquire a ±43,822 SF single tenant industrial property leased to Berger Transfer and Storage through March 31, 2029. Situated in the highly desirable North Las Vegas submarket, the property offers superior connectivity to I-15 via Cheyenne Avenue and is a short drive from the Las Vegas Strip and Harry Reid International Airport. The combination of a highly functional layout and hard-to-find yard component ensures that the property will remain a scare and in-demand asset long term.
PROPERTY FACTS
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 6.56% | Year Built | 1987 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 27’ |
| Building Class | C | No. Dock-High Doors/Loading | 9 |
| Lot Size | 3.41 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 43,822 SF | ||
| Zoning | M-2, North Las Vegas | ||
| Sale Type | Investment NNN |
| Cap Rate | 6.56% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.41 AC |
| Rentable Building Area | 43,822 SF |
| No. Stories | 1 |
| Year Built | 1987 |
| Tenancy | Single |
| Clear Ceiling Height | 27’ |
| No. Dock-High Doors/Loading | 9 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M-2, North Las Vegas |
AMENITIES
- Fenced Lot
- Signage
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PROPERTY TAXES
| Parcel Number | 139-11-401-003 | Improvements Assessment | $509,732 |
| Land Assessment | $666,499 | Total Assessment | $1,176,231 |
PROPERTY TAXES
Parcel Number
139-11-401-003
Land Assessment
$666,499
Improvements Assessment
$509,732
Total Assessment
$1,176,231
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600 E Cheyenne Ave
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