For Sale
$1,410,000

1990 Bell Vista AvePahrump, NV 89060

High-Traffic, Net-Leased Convenience Store

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, Class A, 8,320 square-foot Family Dollar store located at 1990 W Bell Vista Ave, Pahrump, NV 89060. The property, built in 2017 and situated on a 1.41-acre lot, boasts a strong 8.00% cap rate and a substantial NOI of $112,800. The current net lease, with a corporate guarantee, has a remaining term of approximately 1.9 years, followed by 5 x 5-year renewal options. This single-tenant building operates at 100% occupancy, serving a significant population within a 3-mile radius (8,057 residents) as a primary grocery source, given the nearest major grocers are approximately 6 miles away. Its strategic location on the main route to and from Death Valley National Park, a major tourist destination attracting over 1.1 million visitors annually, ensures consistent high traffic and revenue generation from tourists and local residents alike. The store is licensed to sell cigarettes, further enhancing its profitability. The property's zoning is NC, and the average household income within a 3-mile radius is $58,370. This presents a compelling investment opportunity with significant upside potential upon lease renewal, particularly given Nevada's status as one of nine states without income tax. The asking price is $1,410,000, translating to $169.47 per square foot. The property's strong performance, coupled with its prime location and favorable lease terms, makes it an attractive addition to any investment portfolio.

Highlights

  • Family Dollar investment opportunity with potential for increased rent upon lease renewal; corporate guarantee provided.
  • High-traffic Family Dollar store serving as a vital grocery source for 8,057 residents within a 3-mile radius, with the nearest major grocers 6 miles away.
  • Strategically located on the main route to Death Valley from Las Vegas, attracting significant tourist traffic.
  • High-traffic location benefiting from over 1.1 million annual Death Valley National Park visitors.
  • Strong sales performance indicated by weekly sell-outs of key grocery items; store also sells cigarettes.
  • 8,320 SF building on 1.41 acres at a hard corner, built in 2017. Less than one mile from NV State Hwy 160's retail corridor.

Property Details for 1990 Bell Vista Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,320 SF
Class
A
Year Built
2017
Buildings
1
Stories
1
Lot Size (sq. ft)
61,420 SF

Location Insight

City
Pahrump
County
Nye
State
Nevada
Latitude
36.263797913669
Longitude
-116.05025116171
1990 Bell Vista Ave, Pahrump, Nevada

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1990 Bell Vista Ave
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