AutoZone NNN Property For Sale — Las Vegas, NV
5720 E. Charleston Blvd., Las Vegas, NV 89142
This AutoZone property offers investors a secure NNN ground lease opportunity with a Fortune 500 tenant. The property boasts recent construction from 2012 and is strategically located at a high-traffic hard corner, providing excellent visibility and accessibility. The lease includes attractive rental increases every five years, ensuring steady income growth. Additionally, the location benefits from strong local demographics and easy access to major transportation arteries.
- Address: 5720 E. Charleston Blvd., Las Vegas, NV 89142
- Asking price $2.30M
- 4.25% cap rate
- NOI $97,800
- 5.5 years remaining
- NNN lease
- Year built: 2012
- Building size: 7,381 SF
- Lot size: 0.92 acres
- Lease expiration: Mar 1, 2032
- Rent increases: Current (6-10 years): $92,400 (AutoZone), $5,400 (Water Mill Express); Year 11-15: $101,640 (AutoZone), $6,600 (Water Mill Express); Year 16-20: $111,804 (AutoZone), $7,800 (Water Mill Express)
- Guarantor: Corporate
Location
This AutoZone property is at 5720 E. Charleston Blvd. in Las Vegas, Nevada.
Asset type: Retail