Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Dollar General Market Absolute NNN Title is generated by Realmo AI

    1631 W Lake Mead Blvd, Las Vegas, NV

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

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

    Type:RETAIL
    Property size:
    20,707 SF
    Lot size:
    2.37 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 5 at 9:40 pm

    Property Features for 1631 W Lake Mead Blvd

    General Information

    Standard status
    Active
    Size
    20,707 SF
    Lot size
    2.37 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Greg Bedell

    Listing agent Greg Bedell

    Listing office Progressive Real Estate Partners

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Progressive Real Estate Partners

    HighLights

    • 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
    • Over 69,551 cars per day traveling at its intersection
    • Strong daytime population driven by the adjacent Las Vegas Enterprise Park (FBI, LVPD, Las Vegas Fire)
    • Attractive assumable financing requiring as little as $2.37M down

    Overview

    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 Bank Redbox Cinema Dollar General Market Grocery & Convenience Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Mario's WestSide Market — 1425 W Lake Mead Blvd, Las Vegas, NV 89106

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.164
    Latitude
    36.1957

    Nearby Similar for Lease

    • $129-$4,896/Mo
      11-1,292 SF

      NV, Las Vegas - South Maryland Parkway

      4220 Maryland Pkwy, Unit 2ND, Las Vegas, NV 89119
      View Details
    • $129-$4,466/Mo
      11-1,292 SF

      NV, Las Vegas - Convention Center Dr.

      101 Convention Center Dr, Unit 900, Las Vegas, NV 89109
      View Details
    • $129-$7,826/Mo
      11-1,292 SF

      The Canyons at Summerlin

      1180 Town Center Dr, Unit 100, Las Vegas, NV 89144
      View Details
    • $129-$5,766/Mo
      11-1,292 SF

      Howard Hughes Parkway

      3960 Howard Hughes Pkwy, Unit 500, Las Vegas, NV 89109
      View Details
    • Sponsored
      $129-$7,036/Mo
      11-1,292 SF

      Lake Mead Boulevard

      7251 Lake Mead Blvd, Unit 300, Las Vegas, NV 89128
      View Details
    • $129-$9,186/Mo
      11-1,292 SF

      Downtown Summerlin

      1980 Festival Plaza Dr, Unit 300, Las Vegas, NV 89135
      View Details
    • $129-$5,216/Mo
      11-1,292 SF

      City Cental Place

      400 4Th St, Unit 500, Las Vegas, NV 89101
      View Details
    • $129-$6,166/Mo
      11-1,292 SF

      Howard Hughes II

      3753 Howard Hughes Pkwy, Unit 200, Las Vegas, NV 89169
      View Details
    • $129-$7,696/Mo
      11-1,292 SF

      Arroyo Crossing

      7455 Arroyo Crossing Pkwy, Unit 220, Las Vegas, NV 89113
      View Details
    • Sponsored
      $129-$8,703/Mo
      11-1,292 SF

      Tivoli Village

      410 Rampart Blvd, Unit 390, Las Vegas, NV 89145
      View Details
    • Sponsored
      $129-$2,687/Mo
      11-1,292 SF

      NV, Las Vegas - Raymert Dr

      3838 Raymert Dr, Las Vegas, NV 89121
      View Details
    • $129-$8,847/Mo
      11-1,292 SF

      Town Square

      6671 Las Vegas Blvd, Unit D, Las Vegas, NV 89119
      View Details

    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 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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Greg Bedell
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1631 W Lake Mead Blvd, Las Vegas, NV
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!