For Sale
$2,500,000

3290 Fremont St Las Vegas, NV 89104

High-Yield Retail Center, 14 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 13,059 square foot shopping center in Las Vegas, Nevada, presents a compelling investment opportunity. Located at 3290 E Fremont St, in Clark County, zip code 89104, this single-tenant property boasts a strong, credit-rated tenant under a 15-year NNN lease with 14 years remaining. The asking price is $2,500,000, translating to $134.01 per square foot. The property enjoys 100% occupancy, generating a substantial net operating income (NOI) of $123,600 and a compelling 4.94% capitalization rate. The single-story building sits on a sizable 30.056-acre lot. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term potential. The property's prime location in Las Vegas offers excellent visibility and accessibility. The substantial remaining lease term provides predictable cash flow and minimizes vacancy risk. This investment is ideal for those seeking a secure, high-yield addition to their portfolio. The property's size and location make it a strong contender for future appreciation. All financial information is based on current data and should be independently verified.

Highlights

  • Investment-grade tenant with a long-term lease.
  • High-quality construction and modern finishes throughout.
  • Excellent visibility and accessibility from major thoroughfares.
  • Strategic location in a high-growth market with strong demographics.
  • Significant upside potential through future rent increases.

Property Details for 3290 Fremont St

Property type
Lifestyle centers, Power centers
Square Feet
13,059 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
1,309,239,360 SF
Units
1

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1468251
Longitude
-115.1038206

FAQs

What type of property is this?
Lifestyle center - High-Yield Retail Center, 14 Years Remaining
Where is the lifestyle center located?
The property is located at 3290 Fremont St Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Investment-grade tenant with a long-term lease.; High-quality construction and modern finishes throughout.; Excellent visibility and accessibility from major thoroughfares.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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3290 Fremont St
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