7950 Decatur BlvdNorth Las Vegas, NV 89084

Property Details for 7950 Decatur Blvd

Year built

2024

Lot size

0.49 AC

Property size (Sq ft)

1,800 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a brand-new, 1,800 square foot Taco Bell located at 7950 N Decatur Blvd, North Las Vegas, NV 89084. The property sits on a 0.49-acre lot and benefits from a 20-year absolute NNN lease commencing October 1, 2024, and expiring September 30, 2044, with four, five-year renewal options. The tenant, Taco Bell, is credit-rated, ensuring a stable income stream. The property boasts a 4.85% cap rate and a strong net operating income (NOI) of $175,000. The asking price is $3,608,000, translating to $2,004.44 per square foot. This Class A retail property is situated within the rapidly expanding Valley Vista Master Planned Community by D.R. Horton, a development encompassing over 2,600 acres and featuring 4,100 new homes, three parks, and extensive walking and biking paths. The location is strategically positioned as the main entry point to this thriving community. The Northwest Las Vegas submarket exhibits exceptionally low retail vacancy rates (1.8%), high barriers to entry, and limited developable commercial land. The surrounding area boasts an affluent demographic, with an average household income exceeding $117,440 within a one-mile radius. Nevada's status as one of nine states without personal income tax further enhances the investment's appeal. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a rapidly growing market. The property is zoned C-1.

Location Insight

City

North Las Vegas

County

Clark

State

Nevada

Latitude

36.3061

Longitude

-115.207

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