3013 Sahara AveLas Vegas, NV 89102

Property Details for 3013 Sahara Ave

Year built

1962

Construction

FRAME

Lot size

0.19 AC

Property size (Sq ft)

2,867 SF

Property type

Medical offices

Property subtype

Medical centers

APN

162-08-104-008

APU

16208104008

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $625,142

  6.5%

  $577,054

  7%

  $535,836

• Comparable approach

  Method

  Valuation

  Relative Method

  $574,403

  Geo Method

  $574,403

• Alternative Use

  Use

  Valuation

  Residential

  $715,547

  Hospitality

  $655,437

  Educational

  $545,316

  Medical

  $564,070

  Retail

  $848,269

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.144

Longitude

-115.183

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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