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    1631 W Lake Mead Blvd Las Vegas, NV 89106

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    For Sale
    $5,520,000

    Dollar General Market in Las Vegas with long-term NNN lease.

    Property size:
    20,707 SF
    Lot size:
    2.37 Acres

    Property Features for 1631 W Lake Mead Blvd

    General Information

    Size
    20,707 SF
    Lot size
    2.37 Acres

    Source: Progressive Real Estate Partners Agent Greg Bedell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dollar General Market Absolute NNN

    Built in 2013 specifically for Dollar General Market, this property features an Absolute NNN lease guaranteed by Dollar General Corporation (NYSE: DG). The lease has approximately 8.5 years of the initial term remaining, with options for renewal. Located in a dense, infill area of Las Vegas, the property benefits from a strong daytime population due to its proximity to the adjacent Las Vegas Enterprise Park, which houses the FBI Las Vegas, LVPD, and Las Vegas Fire. The property is situated in an area with approximately 19,900 residents within a 1-mile radius and experiences over 69,551 cars per day at its intersection. The property has attractive assumable financing available, requiring a down payment as low as $2.37M. The property size is 20707 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service Redbox Movie Rental Kiosk Dollar General Market Grocery Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Mario's WestSide Market

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.163528
    Latitude
    36.195655

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    FAQs

    What type of property is this?
    Grocery and convenience store - Dollar General Market in Las Vegas with long-term NNN lease.
    Where is this grocery and convenience store located?
    The property is located at 1631 W Lake Mead Blvd Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $5,520,000.
    What are key features of this property?
    This property features: - Absolute NNN lease guaranteed by Dollar General Corporation (NYSE: DG); - **±8.5 years of initial lease term remaining, plus options**; - Located in a dense, infill area of Las Vegas with ±19,900 residents within a 1-mile radius
    (909) 230-4500
    Request Owner's contact information
    1631 W Lake Mead Blvd Las Vegas, NV 89106
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    Las Vegas, NV 89106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1631 W Lake Mead Blvd Las Vegas, NV 89106
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