Contacts
The Barashy Group
Property Details
- Property Type Retail - Restaurant
- Property Size 3,600 SF
- Lot Size 0.32 Acre
- Cap Rate % 7
- NOI / YR $58,725.00
- # of Floors 1
- Property Tenancy Multi-Tenant
- Year Built 1966
- Year Renovated 2025
- Date Updated Aug 25, 2026
A rare opportunity to own a fully-leased, two-tenant retail investment on a signalized hard corner of E. Charleston Blvd, one of the busiest retail corridors in the valley (±31,000 VPD). This ±3,600 SF building delivers stabilized income today with a clear, near-term path to grow NOI.
The property is anchored by a newly-signed, personally-guaranteed five-year NNN restaurant lease with 3.5% annual rent bumps, run by an experienced operator with multiple Las Vegas locations. The second suite is occupied by a long-term laundromat tenant paying below-market rent, on a lease expiring May 2027, giving the next owner a clear opportunity to mark rent to market or re-tenant.
Recent capital improvements include roof work, parking lot upgrades, HVAC, and a 2025 grease interceptor, reducing near-term capex risk for a buyer.
Situated directly across from the City of Las Vegas's newly established ±1,350-acre Redevelopment Area 3 (July 2026), the property sits in the path of corridor-wide reinvestment. It also falls within a Census Tract eligible for the 2027 Opportunity Zone 2.0 round, offering a potential buyer the ability to pair an OZ strategy with capital gains deployment (subject to final designation — consult your tax advisor).
This is a turnkey, income-producing asset for a 1031 buyer or value-add investor seeking in-place cash flow with built-in upside.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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62/100
Walk Score ®
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43/100
Transit Score ®
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43/100
Bike Score ®
Location
- City Las Vegas, NV
- Neighborhood Sunrise Manor
- Zip Code 89104
- Market Las Vegas
Points of Interest
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Sahara
3.40 miles
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LVCC Central Station
3.64 miles
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Boingo/Las Vegas Convention Center
3.78 miles
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LVCC West Station
3.92 miles
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Rideshare Pickup
5.11 miles
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Rideshare pickup for T3 (valet level)
5.42 miles
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Terminal 3
5.49 miles
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Rideshare staging for LAS
5.51 miles
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MGM Grand
5.53 miles
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The Crystals Tram Station
5.59 miles
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Circle K
0.05 miles
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76
0.44 miles
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7-Eleven
0.93 miles
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Rebel
0.97 miles
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Tesla Supercharger
0.97 miles
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Smith's Fuel Center
1.06 miles
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Chevron
1.23 miles
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ChargePoint
1.76 miles
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Linq High Roller Supercharger
4.91 miles
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Tesla Destination Charger
4.91 miles
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Saint Bridget Catholic Church Overflow Parking
1.82 miles
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The Llama Lot
2.22 miles
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Parking Lot D
2.27 miles
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Parking Lot C
2.28 miles
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Cortez Free Parking
2.36 miles
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Zappos.com 7th Street Lot
2.41 miles
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Parking Lot A
2.43 miles
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El Cortez Valet Lot
2.43 miles
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Parking Lot B
2.44 miles
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Neon Museum Parking
2.47 miles
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El Pollo Loco
0.53 miles
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Golden Corral
0.83 miles
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Taco Bell
0.91 miles
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Subway
0.97 miles
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Panda Express
0.97 miles
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McDonald's
0.97 miles
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Tropical Smoothie Cafe
1.00 miles
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Jack in the Box
1.01 miles
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Burger King
1.07 miles
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Pepe's Tacos
1.08 miles
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El Super
0.85 miles
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Walmart Neighborhood Market
0.99 miles
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Smith's
1.10 miles
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Cardenas Market
1.38 miles
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Albertsons
1.60 miles
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Ross
1.87 miles
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Walmart
1.94 miles
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Marketon
1.95 miles
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Dollar General Market
2.03 miles
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Target
2.04 miles
The Barashy Group