For Sale
$795,000

1060 Flamingo Rd Las Vegas, NV 89119

High-traffic, NNN leased pet hospital.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a single-story, 4,890 square foot medical office building located at 1060 E Flamingo Rd, Las Vegas, NV 89119. The property, built in 2009 and renovated in 2016, sits on a 0.38-acre lot with premium frontage on a high-traffic road boasting over 55,000 vehicles daily. Currently 100% occupied by a thriving pet hospital under a Net Lease (NNN) agreement commencing January 1, 2024, and expiring November 30, 2029, this Class B building offers a strong 7.55% cap rate with a net operating income (NOI) of $60,000. The property features Commercial General zoning, allowing for diverse future uses. The ground lease is in place, and the ownership is leasehold. This recession-resistant investment in the pet healthcare industry provides exceptional visibility and accessibility, making it an ideal opportunity for investors seeking stability and long-term lease security. The single-tenant occupancy minimizes management complexities, and the tenant's established presence ensures consistent rental income. The property's APN is 162-15-805-007.

Highlights

  • $795,000 asking price for a 4,890 SF medical/traditional office building.
  • 7.55% cap rate, $60,000 NOI, with a NNN lease.
  • Located at 1060 E Flamingo Rd, Las Vegas, NV 89119, on a 0.38-acre lot with high traffic visibility.
  • 100% occupancy with a single tenant (pet hospital) under a lease expiring 11/30/2029.
  • Built in 2009, renovated in 2016, with Commercial General zoning.

Property Details for 1060 Flamingo Rd

Property type
Office properties, Medical offices
Square Feet
4,890 SF
Class
B
Year Built/Renovated
2009/2016
Buildings
1
Stories
1

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1150775
Longitude
-115.1408818

FAQs

What type of property is this?
Office property - High-traffic, NNN leased pet hospital.
Where is the office property located?
The property is located at 1060 Flamingo Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: $795,000 asking price for a 4,890 SF medical/traditional office building.; 7.55% cap rate, $60,000 NOI, with a NNN lease.; Located at 1060 E Flamingo Rd, Las Vegas, NV 89119, on a 0.38-acre lot with high traffic visibility.
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1060 Flamingo Rd
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