2610 Jones BlvdLas Vegas, NV 89146

For Sale
$3,335,000

10,870 SF, Net Lease, 5.47% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a single-tenant, 10,870-square-foot medical office building in Las Vegas, Nevada. Located at 2610 S Jones Blvd, within the Shea Professional Plaza, this Class B property boasts 100% occupancy with a long-term tenant—a well-established Rapid Care Medical Clinic—operating for over 14 years. The clinic occupies the entire building, offering a diverse range of services including medical care, chiropractic, pharmacy, private MD services, a med spa, injury attorney services, x-ray, and ultrasound. The building, constructed in 2003, sits on a 1.13-acre lot zoned C-P (Commercial Professional), providing excellent street visibility on South Jones Boulevard. The property features 60 parking spaces and benefits from a modified net lease with a remaining term of approximately 0.9 years, followed by two 5-year lease options. The current lease includes annual rent bumps of 3%. The asking price is $3,335,000, representing a compelling cap rate of 5.47% and a price per square foot of $306.81. The property's strong tenant history, favorable lease terms, and prime location make it an attractive investment prospect. The Net Operating Income (NOI) is $182,311. The property consists of one single-story building and includes two separate parcels (APN: 163-12-114-001, 163-12-114-002). The lease commenced on July 15, 2020, and is set to expire on October 15, 2025.

Highlights

  • $3,335,000 asking price for a 10,870 SF medical office building in Las Vegas, NV.
  • Net lease investment opportunity with a 5.47% cap rate.
  • Class B, single-tenant, modified lease with 0.9 years remaining and two 5-year options.
  • 100% occupancy by a long-term tenant (14+ years in business) in a high-visibility location.
  • Located on a 1.13-acre lot with 60 parking spaces in the Shea Professional Plaza.
  • Building features include a medical clinic, chiropractor, pharmacy, and more.

Property Details for 2610 Jones Blvd

Property type
Other office properties, Medical offices
Square Feet
10,870 SF
Class
B
Year Built
2003
Buildings
1
Stories
1
Lot Size (sq. ft)
49,223 SF

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1420505
Longitude
-115.2247048
2610 Jones Blvd, Las Vegas, Nevada
Leaflet | © OpenStreetMap contributors

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2610 Jones Blvd
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