Green Valley Grocery Corporate Office - Availability Details

For Sale$3,490,000

1580 S. Jones Boulevard, Las Vegas, NV 89146

  • Office

Nearby Listings

Details

  • Sale Price $3,490,000
  • City Las Vegas
  • Neighborhood Kensington
  • Zip Code 89146
  • Property Type Office
  • Property Size 14,345 Sqft
  • Lot Size 1.6 Acre
  • Year Built 2001
  • Date Updated 05 Oct, 2020
  • Website www.suncommercialre.com

Description

Sun Commercial Real Estate Inc. is please to offer for sale the corporate office building for Green Valley Grocery. The property was built in 2001 and consists of ±14,345 square feet situated on ±1.6 acres. The property is leased on a triple net basis to Midjit Market Inc. dba Green Valley Grocery with an initial lease term that expires September 16, 2024. The tenant has occupied the building since its construction in 2001. The property is in a strategic, central location only a few minutes from US 95/Summerlin Parkway and 15 minutes from the Las Vegas Strip. There is ample parking with 87 spaces providing a ratio of 6 spaces per 1,000 SF. The office has a high end build out with high ceilings, custom doors and trim. The build out perfectly serves a corporate office with 20 private offices, including one large executive office with its own private restroom and courtyard, a kitchen/break room with courtyard, two conference/training rooms, a large bullpen, storage room and small warehouse with roll up doors.

Highlights:

• Corporate Office for large regional convenience store operator

• 7.25% Cap rate

• 4% rent increases every 24 months

• Tenant currently operates 64 convenience stores with plans to open 8 more in the next 6 months

Attachments

Commercial Brokers

broker

Lisa Hauger

Sun Commercial Real Estate Inc.

(702) 968-7333

broker

Timothy Erickson

Sun Commercial Real Estate Inc.

(702) 968-7334