NNN Jiffy Lube
- $2,610,000
Property Highlights
- Camino Al Norte ranks as a top-five performing site within the Las Vegas MSA: Reflects exceptional sales volume and customer traffic.
- 21-year operating history at the same location: long-term proof of concept and trade-area viability.
- 2021: New 15-year lease extension plus 4 × 5-year options: tenant commitment that materially de-risks the hold period.
- 190’ of frontage on Camino Al Norte: strong visibility and presence in a high-convenience retail node.
- Exceptional access: six ingress/egress points (5 on Camino Al Norte + 1 on Ann Road): rare circulation advantage for quick-service operators.
- Premier corner adjacency: immediately off the Ann Rd & Camino Al Norte intersection (one of the area’s primary retail crossroads).
- Shadow-anchored by Smith’s grocery: consistent daily traffic driver supporting service retail.
- High-quality national co-tenancy including CVS, Sonic, Little Caesars, Starbucks, Baskin-Robbins, and more: reinforces the intersection as an established consumer destination.
- Reinvestment next door validates the corridor: 5485 Camino Al Norte sold for $2.7M and is being repositioned to Zippy’s; Zippy’s has continued expanding in the Las Vegas Valley, reflecting confidence in local demand.
- Supply-constrained micro-location: you noted no other freestanding vacancies in the immediate trade area: a key driver of tenant stickiness and long-term real estate value.
- Las Vegas locations significantly outperform peer MSAs: Demonstrating strong and consistent demand fundamentals.
Property Documents
OM - 5475 Camino Al Norte - Jiffy Lube
Details
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Price $2,610,000
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Year Built 2005
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Property Type Single Tenant
Additional Details
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Rentable Area 3,520 SF
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Cap Rate 5.35%
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APN 124-33-501-004
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Lot Size 0.64 AC
Address
Open on Google Maps-
Address: 5475 Camino Al Norte
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City: North Las Vegas
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State/county: Nevada
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Zip/Postal Code: 89031
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