For Sale - ±4,392 SF bldg on 0.50 acre parcel

JLL is pleased to present 2943 East Alexander Road, a 4,392-square-foot office/warehouse facility situated on a 0.50-acre parcel with an approximately 5,600-square-foot enclosed yard in North Las Vegas, NV. This single-tenant property, built in 1996, features 16-foot clear heights, three 12' x 14' drive-in doors, 22 surface parking spaces, and 400-amp electrical service. (Buyer to verify)

The facility is occupied by Rentokil North America, Inc., an investment-grade tenant (BBB credit rating; NYSE: RTO) and the North American division of Rentokil Initial plc, one of the world's largest business services companies operating in 83 countries with a market capitalization of $12.29 billion. Rentokil is a full-service pest control and facility services provider serving commercial customers across diverse business sectors with a national network of specialists and nearly 100 years of industry innovation. The property offers a compelling investment profile with a proposed 7-year leaseback at market rent featuring 3% annual escalations under a triple-net lease structure. Located in the North Las Vegas submarket with direct access to Alexander Road and Belmont Street, this turnkey asset presents an attractive opportunity for investors seeking stable income backed by a creditworthy, nationally recognized tenant.