Units of Las Vegas – 15 Year NNN

  • $5,246,000
2945 Lincoln Rd - Las Vegas, NV 89115
Under Contract
Units of Las Vegas – 15 Year NNN
2945 Lincoln Rd - Las Vegas, NV 89115
  • $5,246,000

Property Highlights

  • Units of Las Vegas Sale-Leaseback offering features a 15-year absolute triple net lease with four (4) by five (5) year options to extend with two (2%) percent annual increases
  • Units of Las Vegas is the #1 franchise location for Units in the United States with strong performance metrics and strengthening pro-forma
  • Low Vacancy Rates: The Las Vegas industrial market has showcased impressive stability and control, maintaining historically low vacancy rates. Even with the delivery of 5.7 million square feet of space in the first half of 2023, the vacancy rate reached just 3.5% in Q4 2023. This indicates strong demand, as spaces are either pre-leased or quickly filled upon completion, signaling positive prospects for the market.
  • Shift in Net Absorption: After 13 consecutive quarters of positive net absorption, the Las Vegas industrial market experienced a shift in Q4 2023, with a net absorption of -606,289 square feet. However, only North Las Vegas and Southwest Las Vegas submarkets recorded positive absorption. This change reflects the dynamic nature of the market and regional variations within it.
  • Diverse and Growing Demand: The demand within the Las Vegas industrial real estate market is strong and diverse, driven by various factors including its strategic location to major MSA’s, growing population, and expanding logistics and e-commerce sectors. This demand has led to the rapid absorption of new developments and the pre-leasing of space, highlighting the market’s resilience and potential for growth.
  • 2945 Lincoln Road is a 26,230 SF industrial building sitting on 1.73 Acres with an optimal 7% office and 93% warehouse
  • 2945 Lincoln Road features three (3) dock high +/-9’ x 10’ doors with one (1) mechanical pit leveler
  • 2945 Lincoln Road is concrete tilt-up with a 28’ height and 24’ clear height in the warehouse
  • 2945 Lincoln Road has a +/-20,880 SF fully secured yard with gate which Tenant utilizes for Unit inventory, assembly and delivery
  • Nevada is 1 of 9 states with significant tax advantages

Details

  • Price: $5,246,000
  • Year Built: 2006
  • Property Type: Single Tenant
  • Property Status: Under Contract

Additional Details

  • Price/SF: $200.00
  • Cap Rate: 6.00%
  • Rentable Area: 26,230 SF
  • Lot Size: 1.73 AC
  • Zoning: Industrial Park (IP)
  • Address 2945 Lincoln Rd
  • City Las Vegas
  • State/county Nevada
  • Zip/Postal Code 89115

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Dustin R. Alvino
  • Dustin R. Alvino