Building Details

Year Built 2022

Buildings 2

Stories 1

Tenancy Single

Listing Agency: Dapper Companies Corporation

Listed By: Andrea Santanna · License #NV 65052

Source: Crexi

Added: Nov 17, 2023 Changed: Oct 14 Last Checked: Oct 16 at 8:25AM

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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 Dapper Companies Corporation

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

The offering comprises a Family Dollar retail store and a water bottle kiosk on a 1.88-acre site in Sandy Valley, Nevada. The building contains approximately 10,500 square feet and is positioned at 1490 E Quartz Ave, Sandy Valley, NV 89019.

The investment is structured under an initial 10-year lease term with four additional 5-year renewal options. The property is classified as an NNN property, providing a defined lease framework for the retail asset.

Key Highlights

• Approximately 10,500 square feet on 1.88 acres
• Family Dollar retail store with water bottle kiosk
• Initial lease term of 10 years

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$149,404

Cap Rate

6.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,988,080 $3.0M

Cap Rate 7%

$2,134,343 $2.1M

Cap Rate 9%

$1,660,044 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,500 SF

Gross rent

$214.2K $20.40/SF

− Vacancy

−$15.0K −$1.43/SF

EGI

$199.2K $18.97/SF

− OpEx

−$49.8K −$4.74/SF

NOI

$149.4K $14.23/SF

Area

Clark County, NV

Vacancy

7.00%

Lease Rate

$20.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,988,080

Cap Rate 7%

$2,134,343

Cap Rate 9%

$1,660,044

Alternative Uses

Best Use

Specialty Retail

$2.13M

$1.87M – $2.49M (±1% cap)

NOI $149,404 @ 7.0% cap · market cap 6.12%

Second Best

Retail

$2.13M

$1.87M – $2.49M (±1% cap)

NOI $149,301 @ 7.0% cap · market cap 6.11%

Theoretical Best

Office A

$2.72M

$2.38M – $3.18M (±1% cap)

NOI $190,738 @ 7.0% cap · market cap 7.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Family Dollar Discount Store

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Law Firm Arcade & Gaming Center Bed & Breakfast Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

16

Businesses Nearby

3k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar Tree Shops & Services

3,184 visits/mo 0.2 miles

Demographics for 89019, NV

2,501

Population

1,755

Households

1.4

Avg Household Size

49

Median Age

21%

College-Educated

88%

High-School Grad

499.6 sq mi

ZIP Area

5

Density / Sq Mi

$50,106

Median Household Income

$27,917

Median Earnings

$916

Median Rent

$221,700

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

NNN property - Net-leased retail asset with an on-site water bottle kiosk in Sandy Valley, Nevada.

Where is this nnn property located?

The property is located at 1490 E Quartz Ave Sandy Jean, NV.

What is the asking price?

The asking price for this property is $2,442,857.

What are key features of this property?

This property features: Approximately 10,500 square feet on 1.88 acres; Family Dollar retail store with water bottle kiosk; Initial lease term of 10 years