NNN Retail
2026 W Craig Rd North Las Vegas, NV 89032
2026 W Craig Rd, North Las Vegas, NV, 89032
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For Sale
Contact for pricing
NNN retail property with a fixed lease term expiring 8/1/2035 and ongoing land lease payments.
Property Size4,022 SF
Price / SF$335.65
Days on Market108
Property Features for 2026 W Craig Rd
General Information
- Standard status
- Active
- Size
- 4,022 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2000
Listing agency
Commercial Executives Real Estate Services
Listed by
Bobbi Miracle SIOR, CCIM · License #NV BS.145625
Source
Crexi
Added: Apr 6 Updated: Jul 21 at 6:47PM Checked: Jul 21 at 6:47PM
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 Commercial Executives Real Estate Services
Investment Insights
Based on property information with market context.
2026 W. Craig Road is a NNN retail leasehold positioned within an infill retail setting. The seller is transferring the remaining lease term, which expires 8/1/2035, with a fixed monthly rent of $16,324. The land is also leased under mirrored terms, with the buyer paying directly for the land lease. The tenant has a 1, 5-year option to extend at the end of the current term.
The property sits just east of the signalized intersection of W. Craig Road and Clayton Street and provides frontage along Craig Road, described as a major east-west arterial. Directly adjacent is a neighborhood shopping center anchored by ALDI and Big 5 Sporting Goods, with additional tenants including Taco Bell and Clayton Market. Across Craig Road, nearby national retailers and financial institutions include Burlington, Chase Bank, and Bank of America.
For access and showings, please call for terms and do not go through the building without coordination.
The property sits just east of the signalized intersection of W. Craig Road and Clayton Street and provides frontage along Craig Road, described as a major east-west arterial. Directly adjacent is a neighborhood shopping center anchored by ALDI and Big 5 Sporting Goods, with additional tenants including Taco Bell and Clayton Market. Across Craig Road, nearby national retailers and financial institutions include Burlington, Chase Bank, and Bank of America.
For access and showings, please call for terms and do not go through the building without coordination.
Key Highlights
- NNN retail property built in 2000 with a fixed lease term expiring 8/1/2035.
- Seller is selling the remaining lease term with fixed monthly rent of $16,324 through 8/1/2035.
- Tenant has one 5‑year option to extend at the end of the lease term.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.4k | $18.00 |
| − Vacancy | −$3.2k | −$0.79 |
| EGI | $69.2k | $17.21 |
| − OpEx | −$20.8k | −$5.16 |
| NOI | $48.4k | $12.05 |
4,022 SF · lease $18.00/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$692.1K
$605.6K – $807.5K
NOI $48,447 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$952.4K – $1.27M
NOI $76,190 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
IHOP
Restaurant
TenderFix by Noah ...
Restaurant
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FAQs
What type of property is this?
NNN property - NNN retail property with a fixed lease term expiring 8/1/2035 and ongoing land lease payments.
Where is this nnn property located?
The property is located at 2026 W Craig Rd North Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: NNN retail property built in 2000 with a fixed lease term expiring 8/1/2035.; Seller is selling the remaining lease term with fixed monthly rent of $16,324 through 8/1/2035.; Tenant has one 5‑year option to extend at the end of the lease term.
