1912 Civic Center DrNorth Las Vegas, NV 89030

For Sale
$4,446,792

7.5% Cap Rate, Long-Term Lease, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 16,826-square-foot medical office building in North Las Vegas, Nevada, currently 100% occupied by Talecris Plasma Resources under a net lease. The property boasts a 7.5% cap rate and a substantial remaining lease term of 7.5 years, extending to May 31, 2032. The lease includes 2% annual rent bumps and one 5-year renewal option. The building, renovated in 2017, sits on a 0.96-acre lot and enjoys a prime location at 1912 Civic Center Dr, near the intersection of Civic Center Drive and Lake Mead Boulevard, with a combined daily traffic count of 72,500 vehicles. Its proximity to Interstate 15 (206,000 VPD), North Vista Hospital, College Park Shopping Mall, and Civic Center Plaza further enhances its desirability. The property benefits from a strong tenant, Talecris Plasma Resources, a subsidiary of Grifols, a global healthcare leader. The asking price is $4,446,792, with a net operating income (NOI) of $333,509. The location within the Las Vegas MSA, a high-population area with an average household income of $71,773 within a five-mile radius, contributes to the property's strong investment potential. The tenant's significant operating history since March 1, 2007, and multiple lease extensions underscore their commitment to the site. Nevada's income tax-free status adds further appeal. This is a rare opportunity to acquire a stable, high-performing asset in a thriving market.

Highlights

  • 16,826 SF medical office building in North Las Vegas, NV, 100% occupied by Talecris Plasma Resources (a Grifols subsidiary) under a net lease.
  • 7.5% cap rate, 7.5+ years remaining lease term (to 5/31/2032), with 2% annual rent increases and a 5-year renewal option.
  • Prime location at 1912 Civic Center Dr, near the intersection of Civic Center Drive and Lake Mead Blvd (72,500 VPD), one mile from I-15 (206,000 VPD).
  • Strong tenant with significant operating history since 2007, multiple lease extensions, and proximity to North Vista Hospital, College Park Shopping Mall, and Civic Center Plaza.
  • $4,446,792 asking price, $333,509 NOI. Located in the Las Vegas MSA, a high-population area with an average household income of $71,773 within a five-mile radius. Nevada's income tax-free status.

Property Details for 1912 Civic Center Dr

Property type
Other office properties, Medical offices
Square Feet
16,826 SF
Year Renovated
2017
Lot Size (sq. ft)
41,818 SF

Location Insight

City
North Las Vegas
County
Clark
State
Nevada
Latitude
36.194970757635
Longitude
-115.11627307355
1912 Civic Center Dr, North Las Vegas, Nevada

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1912 Civic Center Dr
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