3131 North Rancho Drive

Las Vegas, NV 89130

Listing ID: 145357
$2,650,000
For Sale
  • Lot Size Acres 3.180
  • Building Sq Ft 30,934
  • Land Sq Ft 138,520
  • Land Price per Sq Ft $19.13
Description
Savers
Price:
$2,650,000 USD
Sale Type:
Investment
Cap Rate:
6.89%
Sale Conditions:
Investment Triple Net
Property Type:
Retail
Property Sub-type:
Freestanding
Building Class:
B
Lot Size:
3.18 AC
Gross Leasable Area:
30,934 SF
No. Stories:
1
Year Built:
1983
Tenancy:
Single
Parking Ratio:
5.65/1,000 SF
Zoning Description:
C2, Las Vegas
APN / Parcel ID:
138-13-511-007
HighLights
Savers is One of the largest privately owned and operated global thrift retailers.
6.89% CAP Rate at Offering Price
100% Occupied
Description
This property is situated within the North submarket in the Las Vegas Valley with the address of 3121 N. Rancho Drive, Las Vegas, Nevada. It is located south of the southwest corner of Cheyenne Avenue and Rancho Drive and offers easy access to US-95 which is just two miles to the west. The property is leased to Savers and is adjacent to 99 Cents Only with close proximity to the national retailers including Wal-Mart Supercenter, McDonald’s, Jack in the Box and Wienerschnitzel. Other major traffic generators in the area include the North Las Vegas Airport and the Fiesta Rancho and Texas Station Hotels & Casinos.
Sale Notes
ROI Commercial Real Estate, Inc. is pleased to offer the opportunity to purchase a single tenant NNN property leased to Savers, a 300+ location thrift retailer. The property is located 2 miles from US 95 and is on Rancho Drive (over 27,000 VPD), one of the major throroughfares in the Las Vegas Valley. The building size is ±30,190, and the parcel size is 3.18 acres. 99 Cents Only, an extremely popular dollar store, is open within the same center. The purchase will give an investor a value add opportunity with a national retailer in an established location.
Major Tenants
Tenant
Lease End Date
SF Occupied
Savers
December 2020
30,190
Maureen Waters(702) 570-5124
Kit Graski(702) 570-5377
George Okinaka(702) 570-5376
Randy Ibara(323) 721-7312
Attachments & Files
Location & Directions
Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile Radius 3-Mile Radius 5-Mile Radius
Total Population18,198174,748439,324
Population Median Age393738
Population by Age0-9 Yrs24422467658759
10-19 Yrs22992249757364
20-29 Yrs23232608461250
30-39 Yrs23412348058154
40-49 Yrs24032302559586
50-59 Yrs25812192556372
60-69 Yrs19181774146966
70+ Yrs18911532040873
Median HH Income$48,214$50,288$53,603
Total Household Income< 24K14931337531772
25-49K17031688139766
50-74K11721232629066
75-99K1020888521264
100-199K741838325529
200K+889654889
Highest Education LevelNo Diploma28192100947472
Diploma or GED42853808990173
Some College31082910076726
Assoc. Degree727881822997
Bachelors Degree10531199937527
Higher Degree399563819390
Total Housing Units6,87766,781169,204
--Owner-Occupied3,21030,48082,918
--Renter-Occupied3,00730,33669,368
Owner-Occupied Values< 100K25837728568
100-199K12701412431386
200-299K1148866325516
300-399K38025589430
400-499K737434158
500K+816203859
Total Working Age Population14,105135,863344,630
In Work Force9,03588,276217,874
Not In Work Force5,07047,587126,756
Workforce Employed8,31080,748199,683
Workforce Unemployed7247,29817,059
Civlian Workforce9,03488,046216,742
Military Workforce12291,133
Total Households6,21760,816152,286
Family Households4,00038,64298,668
Non-Family Households2,21722,17453,618
Married Couple2,32023,47263,712
Other Family1,68015,17034,956
Married w/Child8039,41825,002
Single Male w/Child3382,6365,272
Single Female w/Child4645,22712,264

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Nevada1,998,257+352,700,551+173,149,234+103,460,728
Clark County1,375,765+421,951,269+192,318,174+102,550,048

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Agent
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Maureen Waters

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