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US 95
Indian Springs, NV 89018
Indian Springs · Land For Sale
·
15.00 AC
INVESTMENT HIGHLIGHTS
- 7% CAP Rate on Existing Income.
- Future Development Opportunity.
- Lease Expires 2027 with Options to 2030.
- Collect Income while holding Industrial Land.
- 6% Annual Lease Rate Increases.
EXECUTIVE SUMMARY
The property is leased to a high BB+ rate national company generating a 7 cap on the first year income. The lease is in effect until at least 2027, with options until 2030. Annual rent increases are 6%, which increased the CAP rate over time. This property is located approximately 600 ft south of US95, directly by the Creech Airforce Base entry gate, directly east of the community of Indian Springs. The property is primarily accessed via East Boulder Lane, a community access road, paved all the way from Indian Springs to the edge of the subject parcel. This property is part of the eastern outskirts of the community.
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 15.00 AC |
| Property Type | Land | Cross Streets | Boulder Ln |
| Property Subtype | Industrial | ||
| Zoning | M-1 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 15.00 AC |
| Cross Streets | Boulder Ln |
| Zoning | M-1 |
1 LOT AVAILABLE
Lot 1
| Price | $5,300,000 | Lot Size | 15.00 AC |
| Price Per AC | $353,333.33 |
| Price | $5,300,000 |
| Price Per AC | $353,333.33 |
| Lot Size | 15.00 AC |
Excellent opportunity to obtain a developable industrial parcel with income. This 15 acre parcel is level and graded, fenced and improved for access. The property is accessible from US HWY 95, directly across from the Creech AFB main gate.
PROPERTY TAXES
| Parcel Number | 059-09-601-002 | Improvements Assessment | $0 |
| Land Assessment | $990,290 | Total Assessment | $990,290 |
PROPERTY TAXES
Parcel Number
059-09-601-002
Land Assessment
$990,290
Improvements Assessment
$0
Total Assessment
$990,290
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