For Sale
$2,814,000

1490 Quartz Ave Sandy VlySandy Valley, NV 89019

Sandy Valley, NV: High-yield NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a newly constructed (2022) Dollar Tree grocery store in Sandy Valley, Nevada. The 10,500 square foot building sits on a 1.88-acre lot at 1490 E Quartz Ave, Sandy Valley, NV 89019 (APN 201-32-410-018). Boasting a strong 5.00% cap rate and a substantial net operating income (NOI) of $140,700, this single-tenant, net-leased (NNN) property offers a stable and predictable income stream. The lease commenced October 27, 2022, and has a remaining term of approximately 8.2 years, extending to January 31, 2033, with further renewal options. The property's price per square foot is $268, totaling an asking price of $2,814,000. This is an ideal 1031 exchange property, offering minimal management responsibilities and a location approximately 45 minutes from Las Vegas. The property benefits from a corporate lease with a nationally recognized, creditworthy tenant, ensuring a secure and reliable investment. The 100% occupancy rate since the opening date further solidifies its financial strength. This turnkey investment is perfect for those seeking a low-maintenance, high-return property with long-term growth potential. The property is a single building and is a perfect fit for investors seeking a passive income stream.

Highlights

  • Corporate lease with Dollar Tree, a strong credit tenant.
  • Stable, predictable income stream; minimal management required.
  • Brand new, 10-year NNN lease with renewal options.
  • Low-maintenance, single-tenant net-leased investment.
  • Newly constructed in 2022; 10,500 SF building on 1.88 acres.
  • Sandy Valley, NV location; ~45 minutes from Las Vegas.

Property Details for 1490 Quartz Ave Sandy Vly

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,500 SF
Year Built
2022
Buildings
1
Lot Size (sq. ft)
81,893 SF

Location Insight

City
Sandy Valley
County
Clark
State
Nevada
Latitude
35.8092691
Longitude
-115.582435
1490 Quartz Ave Sandy Vly, Sandy Valley, Nevada

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1490 Quartz Ave Sandy Vly
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