2597 E Charleston Boulevard Las Vegas, NV 89104

Listing agency SRS Real Estate Partners Newport Beach p***@srsre.com Show Phone

Listed by Patrick R. Luther, CCIM · License #CA License No. 01912215

Source Crexi

Added: Apr 10 Updated: Jul 21 at 7:34PM Checked: Jul 21 at 7:34PM

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Investment Insights

Based on property information with market context.

SRS National Net Lease Group presents a newly constructed, freestanding net-leased retail investment offered as fee simple ownership (land & building). The property is under lease to Family Dollar, which recently signed a 10-year lease with five (5-year) renewal options. Rent increases are 10% at the beginning of each option period, and the lease is structured as a net lease with limited landlord responsibilities limited to roof & structure only. Construction was completed in 2016.

The site is located in downtown Las Vegas along State Highway 159 / State Highway 582 with a combined 65,400 vehicles per day, providing strong street visibility. The property is less than 4 miles from the University of Nevada, Las Vegas. The site is adjacent to Lowe’s Home Improvement, supporting retail trade crossover.

The surrounding trade area is described as densely populated, with more than 523,000 residents and an average household income of $46,000 within a 5-mile radius.

Key Highlights

• Fee simple (land & building) interest in a newly constructed, freestanding net‑leased investment property in Las Vegas, NV
• Family Dollar tenant with a recently signed 10‑year lease plus 5 (5‑year) renewal options
• Lease includes 10% rental increases at the beginning of each option period

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FAQs

What type of property is this?

NNN property - Newly constructed freestanding building is leased to Family Dollar under a net lease with limited landlord responsibilities.

Where is this nnn property located?

The property is located at 2597 E Charleston Boulevard Las Vegas, NV.

What are key features of this property?

This property features: Fee simple (land & building) interest in a newly constructed, freestanding net‑leased investment property in Las Vegas, NV; Family Dollar tenant with a recently signed 10‑year lease plus 5 (5‑year) renewal options; Lease includes 10% rental increases at the beginning of each option period