For Sale
$4,100,000

80 M.l.k. BlvdLas Vegas, NV 89106

High-yield, two-tenant storefront

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 10,516 square foot, single-story retail storefront, built in 2014, is located at 80 S Martin L King Blvd, Las Vegas, NV 89106. The property boasts a strong 5.65% cap rate and is currently 100% occupied by two credit-rated tenants, Centerwell (a Humana subsidiary) and another tenant, under a triple-net (NNN) lease structure. The property features a prominent location directly off the US-95 and I-15 freeway on-off ramp, providing excellent visibility and accessibility. Benefitting from a large pylon sign, the building enjoys a high-traffic location adjacent to Costco and the Las Vegas Metropolitan Police Department, and across from Ashley Furniture and Walker Furniture. The property is zoned T5-M and has an APN of 13928402004. This stabilized investment opportunity presents a compelling return with a strong tenant profile and desirable location. The asking price is $4,100,000, translating to $389.88 per square foot. This is a rare chance to acquire a prime retail asset in a high-growth area of Las Vegas.

Highlights

  • 10,516 SF single-story retail building, built in 2014, located at 80 S Martin L King Blvd, Las Vegas, NV 89106.
  • 5.65% cap rate, 100% occupied by two credit-rated tenants under a NNN lease.
  • Prominent location with excellent visibility and accessibility, directly off US-95 and I-15 freeway on-off ramp.
  • High-traffic location near Costco, Las Vegas Metropolitan Police Department, Ashley Furniture, and Walker Furniture; features a large pylon sign.
  • Zoned T5-M, APN 13928402004; asking price $4,100,000 ($389.88/SF).

Property Details for 80 M.l.k. Blvd

Property type
Retail properties, Retail space
Square Feet
10,516 SF
Year Built
2014
Buildings
1
Stories
1

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.173643118874
Longitude
-115.16072652176
80 M.l.k. Blvd, Las Vegas, Nevada

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Contacts

Christina Strickland
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80 M.l.k. Blvd, Las Vegas, Nevada, 89106

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

80 M.l.k. Blvd
  • Christina Strickland
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