For Sale
$2,995,000

601 Whitney Ranch DrHenderson, NV 89014

Brand new, NNN-leased auto shop. High ROI.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents the chance to acquire a fee-simple interest (land and building) in a brand-new Take 5 Oil Change located in Henderson, Nevada. The property boasts a 1,700 square foot building on a 0.58-acre lot, constructed in 2023, and operating under a 15-year absolute NNN lease with a strong franchisee tenant. The lease includes three 5-year renewal options, each with a 10% rent increase, ensuring consistent income growth and inflation protection. The property enjoys a 100% occupancy rate, generating a current NOI of $165,000 and a 5.51% cap rate. The asking price is $2,995,000, translating to $1,761.76 per square foot. This prime location at 601 Whitney Ranch Dr, Henderson, NV 89014, benefits from high visibility at a signalized intersection with excellent access to Interstate 515, a major thoroughfare. The surrounding area features a dense retail corridor including the Galleria at Sunset mall and numerous national retailers, creating strong tenant synergy and a large consumer base. The 5-mile trade area boasts over 337,000 residents and 135,000 employees, with an average household income of $97,445. The property is zoned Community Commercial (CC) and has an APN of 178-04-614-006. This is a truly passive investment opportunity with zero landlord responsibilities.

Highlights

  • Brand new 15-year lease with scheduled rent increases; established brand tenant.
  • Absolute NNN lease; fee simple ownership; zero landlord responsibilities.
  • Located in the Galleria at Sunset (1,080,000 SF), a dense retail corridor with strong national credit tenants.
  • High visibility hard corner location at a signalized intersection on Interstate 515 (134,000 VPD).
  • Strong demographics within a 5-mile radius; direct consumer base.

Property Details for 601 Whitney Ranch Dr

Property type
Retail properties, Auto shops
Square Feet
1,700 SF
Year Built
2023
Lot Size (sq. ft)
25,265 SF

Location Insight

City
Henderson
County
Clark
State
Nevada
Latitude
36.064237
Longitude
-115.053596
601 Whitney Ranch Dr, Henderson, Nevada

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601 Whitney Ranch Dr
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