4825 Smoke Ranch RdLas Vegas, NV 89108

For Sale
$1,831,000

High-ROI NNN Lease, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 2,000 square foot freestanding auto shop in Las Vegas, Nevada, currently leased to USA Auto Service under a 10-year absolute NNN lease. The property boasts a 6.75% cap rate with a strong net operating income (NOI) of $123,600. The lease includes a 3% annual rent increase, eliminating landlord responsibilities for expenses and maintenance. The tenant, Auto Management, Inc., has demonstrated significant growth, experiencing a 54.62% revenue increase since 2019, and the lease includes a personal guarantee from the company founder. The property, situated on a 0.45-acre lot, features 26 parking spaces and underwent extensive renovations in 2023, including new flooring, signage, HVAC systems, auto lifts, and a complete interior repaint. USA Auto Service operates 21 locations exclusively in Las Vegas, with four more in development, showcasing a proven business model. The property benefits from its strategic location near major developments like Hylo Park and NLV Gateway Village, surrounded by significant traffic drivers such as Walmart, Smart & Final, McDonald's, and 7-Eleven. The lease features two, five-year renewal options. This is a rare opportunity to acquire a stable, high-performing asset with significant upside potential in a rapidly growing market.

Highlights

  • 10-year absolute NNN lease with 3% annual rent increases; zero landlord responsibilities.
  • Lease signed by Auto Management, Inc., with a personal guarantee from the founder.
  • Auto Management, Inc. experienced 54.62% revenue growth since 2019.
  • 2023 renovations included new flooring, signage, HVAC, lifts, and repainting.
  • Tenant operates 21 Las Vegas locations, with 4 more in development.
  • Strong location near Hylo Park and NLV Gateway Village, with nearby national retailers.

Property Details for 4825 Smoke Ranch Rd

Property type
Other retail properties, Automotive properties
Square Feet
2,000 SF
Year Renovated
2023
Lot Size (sq. ft)
19,602 SF

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.20277
Longitude
-115.2062678
4825 Smoke Ranch Rd, Las Vegas, Nevada

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4825 Smoke Ranch Rd
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