3013 W. Sahara Ave

3013 W. Sahara Ave., Las Vegas, NV 89102

— For Sale —

List Price$1.50MM

Size +/- 3,000 SF

Cap Rate 5.40%

Property Information

Property Overview

LOGIC Commercial Real Estate is pleased to present the opportunity to purchase the fee simple interest (land and building) at 3013 W. Sahara Ave. in Las Vegas, NV (the property), a single-tenant net leased freestanding retail building in in the Central West Las Vegas Submarket.

The Tenant, Vape Pirates, has +/- five (5) years remaining on the initial lease term. On January 1, 2024, there is a 10% escalation in base rent followed by escalations of 3% in January of 2025 & 2026. The Lease is personally Guaranteed by the operator. The operator also owns a wholesale vape distribution facility which feeds the retail location(s). The Tenant has one (1) five year option without a defined base rent allowing for an investor to increase to a market rent at the expiration of the initial term.

This site is located within the Southern Nevada Opportunity Zone. Opportunity Zones provide preferential tax treatment to investors and developers who invest and develop within the zones, certified by the Secretary of the U.S. Treasury.

Contact

Shareholder

Sean Margulis

Partner
Las Vegas
License S.0070247
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O 702.954.4102
C 702.340.4251
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Brokerage

Landon Tenwolde

Associate
Las Vegas
License S.0184822
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O 702.954.4141
C 248.495.7586
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