Corporate Mattress Firm - STNL

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Property Details

Offering Price:

Gross Leasable Area:

Cap Rate

Lot Size:

Year Built:

$1,850,000

4,550 sqft

5.75%

.62 Acres

2014

Single Tenant Net Leased - Corporate Guarantee

196 North Nellis Boulevard, Las Vegas, NV 89110

$1,850,000
Listing Price

Highlights

Marcus & Millichap is pleased to present this exclusive opportunity to acquire a single tenant net leased Mattress Firm with a corporate guarantee. Recently built in 2014, improvements comprise 4,550 square feet situated upon .62 acres of land. Irreplaceable location central to the dominant regional trade corridor of the East Las Vegas submarket which frequently boasts one of the lowest vacancy rates in the Las Vegas Valley.

 

  • MAXIMUM VISIBILITY | HIGH TRAFFIC LOCATION One of the busiest traffic corridors in the Las Vegas Valley.

 

  • DENSE RESIDENTIAL POPULATION Tremendous population density proximate to this core retail trade center with approximately 221,721  residents in the surrounding three-mile radius.

 

  • TOP-TIER LOCATION IN NATIONAL TENANT DEMAND National tenants featured within the direct proximity of this regional trade corridor include Walmart, Ross, Burlington (new location currently under construction), Target, Kohl's, PetSmart, Bath & Body Works, In-N-Out Burger & more.

 

  • REPUTED TOP PERFORMING LOCATION The Subject Mattress Firm has been deemed amongst the top performers in the Las Vegas market.

 

  • REPLACEABLE MARKET RENTAL RATE Desirable rental rate for Mattress Firm to continue successful operations at this location, combined with extremely low current submarket vacancy of 4.9% in the surrounding three-mile radius

 

  • LIMITED COMPETITION Minimal concern of store overlap, with the next nearest Mattress Firm being located more than seven miles from the Subject.