3013 Sahara Ave Las Vegas, NV 89102

This exceptional investment opportunity presents a 3,000 square foot freestanding retail storefront located at 3013 W Sahara Ave, Las Vegas, NV 89102. Built in 1962 and renovated in 2016, this single-story building sits on a 0.19-acre lot and offers six parking spaces. Currently leased to Vape Pirates under a Net-Leased (NNN) agreement, the property boasts a strong Net Operating Income (NOI) of $100,400, representing a 6.30% capitalization rate based on the asking price of $1,600,000. The lease, personally guaranteed by the tenant, has approximately 2.5 years remaining, with rent escalating to $100,440 on December 1, 2024, and further to $104,400 on December 1, 2025, before expiring November 30, 2026. A seller rent credit is offered, guaranteeing the rent shortfall until the December 1, 2024 escalation. The tenant also holds a five-year option without a defined base rent, providing future upside potential. The property benefits from its prime location on a busy thoroughfare with over 50,000 vehicles daily, approximately 1.5 miles from the Las Vegas Strip, and a 15-minute drive from Harry Reid International Airport. The permitted zoning is C-1, Las Vegas. An adjacent property at 3001 W Sahara Ave is also available for purchase. This offering presents a compelling investment opportunity in a high-traffic area with significant growth potential. The property's Asset Property Number (APN) is 162-08-104-008.