NNN Retail
For Sale
Contact for pricing
2026 W Craig Rd, North Las Vegas, NV 89032
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 Market153
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
Changed: Jul 21
Last Checked: Aug 29 at 11:36PM
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.
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
$48,447
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
3.59%
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%
$968,940
$968.9K
Cap Rate 7%
$692,100
$692.1K
Cap Rate 9%
$538,300
$538.3K
Market Conditions
NOI Build-Up for 4,022 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
$72.4K $18.00/SF
− Vacancy
−$3.2K −$0.79/SF
EGI
$69.2K $17.21/SF
− OpEx
−$20.8K −$5.16/SF
NOI
$48.4K $12.05/SF
Area
North Las Vegas, NV
Vacancy
4.40%
Lease Rate
$18.00 /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%
$968,940
Cap Rate 7%
$692,100
Cap Rate 9%
$538,300
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
544k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Superstores 30%
Apparel 22%
Shops & Services 12%
Walmart
Superstores
161,470 visits/mo
0.4 miles
Chick-fil-A
Dining
52,663 visits/mo
0.3 miles
Ross Dress for Less
Apparel
47,283 visits/mo
0.3 miles
Burlington
Apparel
41,953 visits/mo
0.3 miles
Starbucks
Dining
22,625 visits/mo
0.3 miles
Demographics for 89032, NV
47,324
Population
16,514
Households
2.9
Avg Household Size
36
Median Age
16%
College-Educated
82%
High-School Grad
10.0 sq mi
ZIP Area
4,732
Density / Sq Mi
$74,661
Median Household Income
$40,155
Median Earnings
$1,646
Median Rent
$346,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
