3580 Tropicana AveLas Vegas, NV 89121

For Sale
$750,000

Profitable Auto Repair Shop, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
92
This established Las Vegas auto repair shop, operating since 2004, presents a turnkey opportunity for an owner-user. Priced at $750,000, it boasts a net profit of $250,000 annually, representing a 33.33% cap rate. Located at 3580 E Tropicana Ave, Las Vegas, NV 89121, this 3749 sq ft facility features eight bays, ample parking (20 spaces), and serves over 2000 vehicles yearly. Currently operating under a multi-tenant NNN lease with two tenants, the lease has two years remaining. The property includes a 100% occupancy rate as of December 4, 2023, with a monthly lease rate of $5462 plus CAM charges of $1162.19. The business offers a wide range of repair and maintenance services and benefits from a strong reputation and positive online reviews. Built in 1989, this single-story building is SBA-financiable. Financial details are available upon request. This is a business acquisition only; no real property is included.

Highlights

  • Asking Price: $750,000
  • Owner/User Investment Opportunity: Established auto repair shop with a strong track record.
  • High Net Operating Income (NOI): $250,000 annually, resulting in a 33.33% cap rate.
  • 100% Occupancy: Two tenants currently occupy the space.
  • Strong Location: High-traffic area in Las Vegas, NV, at 3580 E Tropicana Ave, 89121.

Property Details for 3580 Tropicana Ave

Property type
Other retail properties, Automotive properties
Year Built
1989
Stories
1

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1008625
Longitude
-115.0972418
3580 Tropicana Ave, Las Vegas, Nevada

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3580 Tropicana Ave
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