SpeeDee Oil & Lube

  • $1,836,000
5610 W Charleston Blvd - Las Vegas, NV 89146
Under Contract
SpeeDee Oil & Lube
5610 W Charleston Blvd - Las Vegas, NV 89146
  • $1,836,000

Property Highlights

  • Speedee Oil & Lube (155 locations across 20 States) | Absolute Triple Net Lease with ±12.5 years remaining 
  • This 5,100 SF building is situated on .73 Acres of Land and features 28 parking spaces with 1,166 SF secured yard for storage
  • Tenant recently invested Over $150,000 in capital improvements | LL put a new roof and slurried and striped the parking lot
  • High Visibility & Exposure | Charleston Blvd is a major East-West thoroughfare that sees over 30,000 VPD (2022)
  • Nearby National Tenants | 7-eleven, Wells Fargo Bank, Burger King, Boost Mobile, Schlotzsk, 99 Cents Only, AutoZone, Marco’s Pizza
  • From the onset of 2021 through the first quarter of this year, Las Vegas’ 3.0 percent population expansion was more than three times as fast as the overall U.S. gain. That growth resulted in the creation of nearly 50,000 new metro households, a boon for local retail sales across segments.
  • Job Growth in Las Vegas | Signifying strength in the sector, Las Vegas’ retail trade headcount rose by 3,500 roles year-to-date through May. Across all of 2023, the metro will be one of nine major U.S. markets to surpass 2.0 percent job growth.
  • Vacancy Decline in Las Vegas | Las Vegas will be one of 14 major U.S. markets to log a vacancy decline this year, joining Phoenix, Orange County and San Jose as the only locations west of the Mississippi. Metro vacancy will dip to 5.9 percent at year-end.
  • Nevada is 1 of 9 states with no personal income tax.

Details

  • Price: $1,836,000
  • Year Built: 1986/2020
  • Property Type: Single Tenant
  • Property Status: Under Contract

Additional Details

  • Price/SF: $360.00
  • Cap Rate: 6.00%
  • Rentable Area (Bldg 1): 5,100 SF
  • Lot Size: 0.73 AC
  • Parking Spaces: 28
  • Parking Ratio: 5.49 / 1,000 SF
  • Zoning : C-1
  • APN/Parcel ID: 138-36-408-004
  • Address 5610 W Charleston Blvd
  • City Las Vegas
  • State/county Nevada
  • Zip/Postal Code 89146

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