3001 W. Sahara Avenue

3001 W. Sahara Avenue, Las Vegas, NV 89102

— For Sale —

Offering Price $1,990,088

NOI $119,405 (October 2024)

CAP Rate 6.0%

Total Square Footage ± 2,870 SF

Property Information

LOGIC Commercial Real Estate is pleased to present the opportunity to purchase the fee simple interest in 3001 W. Sahara Avenue, a single-tenant, net-leased freestanding retail building. The property is located at the signalized intersection of Sahara Avenue and Richfield Boulevard, just minutes from the Las Vegas Strip. 

The adjacent building, located at 3013 W. Sahara Avenue, is also available for purchase either together with or separately from the corner property. This property is currently listed on LoopNet at at price of $1,600,000 and has a Net Operating Income (NOI) of $100,440. Please refer to the LoopNet listing for 3013 W. Sahara Avenue for more information.

Sale based on October 2025 NOI: Seller will provide a rent credit to the new Buyer to account for any shortfall in rental income until the October 2025 rent escalation takes effect, ensuring a seamless transition and stable cash flow for the investor.

The tenant, Mi Ranchito Restaurante, is currently in the sixth year of a 10-year lease. The next rent escalation is scheduled to occur in October 2025. At that time, the Net Operating Income (NOI) will be $119,405 and will escalate by 3% annually thereafter.

Contact

Sean Margulis Logic Commercial Real Estate
Brokerage

Sean Margulis

Founding Partner
Las Vegas
License S.0070247
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O 702.954.4102
C 702.340.4251
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Landon Tenwolde Logic Commercial Real Estate
Brokerage

Landon Tenwolde

Senior Associate
Las Vegas
License S.0184822
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O 702.954.4141
C 248.495.7586
More Info