3013 W. Sahara Avenue

3013 W. Sahara Avenue, Las Vegas, NV 89102

— For Sale —

Offering Price $1,600,000

NOI $100,400

CAP Rate 6.3%

Total Square Footage ± 3,000 SF

Property Information

LOGIC Commercial Real Estate presents the opportunity to purchase the fee simple interest in 3013 W. Sahara Avenue, a single-tenant, net-leased freestanding retail building located at the signalized intersection of Sahara Avenue and Richfield Boulevard, just minutes from the Las Vegas Strip. The property is approximately 1.5 miles from the world-famous Las Vegas Strip, which attracts 42 million annual visitors, and is a 15-minute drive from Harry Reid International Airport.

The property is currently leased to Vape Pirates, with approximately 2.5 years remaining on the initial lease term. The annual rent is $97,200, set to escalate to $100,440 on December 1, 2024, and will further escalate to $104,400 on December 1, 2025, with the lease expiring on November 30, 2026. The owner is offering a seller rent credit, as the property is being sold based on the December 1, 2024 NOI. The landlord will guarantee the shortfall in rent until the next escalation on December 1, 2024. The lease is personally guaranteed by the operator, who also owns a wholesale vape distribution facility that supplies the retail location(s). The tenant has one (1) five-year option without a defined base rent, allowing an investor the opportunity to increase to a market rent at the expiration of the initial term.

The adjacent building, located at 3001 W. Sahara Avenue, is also available for purchase either together with or separately from the subject property. This property is currently listed on LoopNet and has a Net Operating Income (NOI) of $119,405. Please refer to the LoopNet listing for 3001 W. Sahara Avenue for more information.

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
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