Dunkin Donuts / Hertz Rent-A-Car NNN Property For Sale — Las Vegas, NV
5905 W Sahara Ave, Las Vegas, NV 89146
This newly constructed, 100% leased property features a premier architectural building with long-term NNN leases to Dunkin Donuts (with drive-thru) and Hertz Rent-A-Car, requiring minimal management. The Dunkin Donuts lease, commenced February 2015, has a 10-year initial term with two 5-year options and 12.5% rental increases every 5 years. It is guaranteed by First Cup Partners Las Vegas, LLC, owners of 8 Dunkin Donuts stores in Las Vegas. The Hertz Rent-A-Car lease, commenced September 2015, has a 5-year initial term with one 5-year option and a 12% rental increase at renewal. The tenant is The Hertz Corporation. This modern, 2015-built property totals 3,900 square feet on 0.61 acres, situated as an outparcel to the Burlington Coat Factory shopping center. This asset offers significant…
- Address: 5905 W Sahara Ave, Las Vegas, NV 89146
- Asking price $2.37M
- 6.00% cap rate
- NOI $142,200
- 1 years remaining
- NNN lease
- Year built: 2015
- Building size: 3,900 SF
- Lot size: 0.61 acres
- Lease expiration: Feb 28, 2025
- Rent increases: Dunkin Donuts: 12.5% every 5 years; Hertz Rent-A-Car: 12% at renewal
- Guarantor: Corporate
Location
This Dunkin Donuts / Hertz Rent-A-Car property is at 5905 W Sahara Ave in Las Vegas, Nevada.
Asset type: Shopping Center / Retail