The Berg Team with Sperry Van Ness is proud to offer for sale 4865 E. Flamingo Rd (the ‘Property’), a multi tenant auto retail center located in Las Vegas, NV. The Property is located on Flamingo Rd (+/- 50,500 VPD), one of the busiest east/west thoroughfares in Las Vegas. Flamingo/Boulder Highway Auto Retail Center is being offered at a 7.44% cap rate on 81% occupancy, leaving the new owner an opportunity to capitalize on leasing the vacant freestanding building. The current tenant mix has operated at this location through the recession, showing there is a demand for their services in this part of town. The property is in a dense infill area and is surrounded by several national tenants, including Big Lots, DD’s Discount, Walmart Supercenter, Pizza Hut, Church’s Chicken, 7-Eleven, and McDonald’s. Sales Info: ■ Cap rate: 7.44% ■ Commision split: 0.0% ■ NOI: $111,531 Location Description: The property is located within the Central East Las Vegas submarket having the address of 4865 E. Flamingo Road, Las Vegas, Nevada 89121, and is located on the southwest corner of East Flamingo Road and Boulder Highway. Highlights: ■ Offered at a 7.44% Cap Rate (81% occupancy) ■ One Stop Auto Service has operated at this location since January 1991 ■ Dense Infill Area: Over 23,000 people live within a 1 mile radius of this location ■ Current NOI (on existing income) $111,531 ■ Located on Flamingo Rd (+/- 50,500 VPD), one of the busiest east/west thoroughfares in Las Vegas. ■ Surrounded by several national retailers, including Walmart Supercenter, Big Lots, McDonalds, etc. ■ One Stop Auto Service has four bays and Sullins Tire has six bays ■ The vacant unit is a 1,927 SF freestanding building fronting Flamingo Rd ■ The RTC is in the process of improving and upgrading Flamingo Rd to keep up with the daily traffic demand « show less
The Berg Team with Sperry Van Ness is proud to offer for sale 4865 E. Flamingo Rd (the ‘Property’), a multi tenant auto retail center located... show more »
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