Single-Tenant Retail Space
For Sale
$1,750,000
Las Vegas, NV 89110, Las Vegas, NV 89110
NNN leased retail space in growing Las Vegas submarket.
Property Size4,723 SF
Price / SF$370.53
Days on Market211
Property Features
General Information
Standard status
Active
Size
4,723 SF
Property subtype
Retail
Building Details
Building Size
4,723 SF
Year Built
1982
Listing Agency:
MDL Group
(917) 414-9558
Listed By:
Michael Greene, CCIM · License #NV #S.0186326
(917) 414-9558
Source:
Corfac
Added: Jan 26
Changed: Aug 25
Last Checked: Aug 25 at 5:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MDL Group
Investment Insights
Based on property information with market context.
The property at 555 Page St is a 4,723 SF single-tenant retail space occupied by Kid City USA. It is secured by a 14+ year Triple Net (NNN) lease with zero landlord responsibilities, including both personal and corporate guarantees. Kid City USA is a nationally recognized operator with over 140 locations and more than 25 years in business. The property is located in a densely populated area of Las Vegas, less than 10 miles from Harry Reid International Airport. The location benefits from strong consumer exposure and convenient connectivity, situated in a high-traffic corridor with over 56,000 vehicles per day on nearby Nellis Boulevard. The property is surrounded by major national retailers and over 10 elementary schools within a 5-mile radius. This asset offers a passive investment opportunity in the growing Las Vegas metro area.
Key Highlights
- 14+ year Triple Net (NNN) lease with zero landlord responsibilities, offering a true passive investment.
- Tenant is Kid City USA, a nationally recognized operator with over 140 locations and 25+ years in business, secured by personal and corporate guarantees.
- Located in a densely populated and growing Las Vegas submarket.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,157
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,343,140
$1.3M
Cap Rate 7%
$959,386
$959.4K
Cap Rate 9%
$746,189
$746.2K
Market Conditions
NOI Build-Up for 4,723 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$104.9K $22.20/SF
− Vacancy
−$8.9K −$1.89/SF
EGI
$95.9K $20.31/SF
− OpEx
−$28.8K −$6.09/SF
NOI
$67.2K $14.22/SF
Area
ZIP 89110
Vacancy
8.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,343,140
Cap Rate 7%
$959,386
Cap Rate 9%
$746,189
Alternative Uses
Best Use
Retail
$959.4K
$839.5K – $1.12M
NOI $67,157 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,727 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 89110, NV
73,954
Population
23,701
Households
3.1
Avg Household Size
32
Median Age
10%
College-Educated
68%
High-School Grad
9.6 sq mi
ZIP Area
7,704
Density / Sq Mi
$54,858
Median Household Income
$34,509
Median Earnings
$1,292
Median Rent
$304,300
Median Home Value
Market
Vacancy Rate% for Retail in Las Vegas, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - NNN leased retail space in growing Las Vegas submarket.
Where is this retail space located?
The property is located at Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 14+ year Triple Net (NNN) lease with zero landlord responsibilities, offering a true passive investment.; Tenant is Kid City USA, a nationally recognized operator with over 140 locations and 25+ years in business, secured by personal and corporate guarantees.; Located in a densely populated and growing Las Vegas submarket.
