3650 Cheyenne Ave North Las Vegas, NV 89032
56,500 SF, 6.25% Cap Rate, NNN Lease
Property size:
56,500 SFProperty Features for 3650 Cheyenne Ave
General Information
- Property type
- Distribution properties
- Square Feet
- 56,500 SF
- Lot Size
- 141,570 SF
Building Details
- Year Built
- 2024
Listing Agency: SRS Real Estate Partners Newport Beach Listing Agent: Patrick R. Luther, Ccim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 56,500-square-foot industrial building in North Las Vegas, Nevada. The property boasts a 100% occupancy rate with a strong, national corporate tenant under an 18-year NNN lease featuring built-in rent increases, minimizing landlord responsibilities and ensuring consistent cash flow. Built in 2024, this Class A facility features modern amenities and a strategic location at a signalized intersection of W. Cheyenne Ave. and Allen Lane, benefiting from high visibility and daily traffic counts exceeding 60,700 vehicles. Its proximity to the North Las Vegas airport, Interstate 15, and State Highway 95 provides excellent access and freeway connectivity. The property also enjoys a prime location near major retail centers, including Cheyenne Market Place and North Mesa Plaza, serving a robust demographic area with over 490,577 residents and nearly 186,173 daytime employees within a 5-mile radius. The 3.25-acre lot includes 64 parking spaces. The asking price is $17,515,000, representing a compelling 6.25% cap rate and a price per square foot of $310. The property is zoned as Planned Unit Development (PUD), and the APN is 139-08-417-001 & 139-08-417-016. This is a truly turnkey, low-management investment opportunity with significant long-term potential.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Reece Plumbing
Plumbing Service
Location Insight
- Map
- Local Demand
- City
- North Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.1881594
- Latitude
- 36.2176517
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FAQs
What type of property is this?
Distribution property - 56,500 SF, 6.25% Cap Rate, NNN Lease
Where is this distribution property located?
The property is located at 3650 Cheyenne Ave North Las Vegas, NV.
What is the asking price?
The asking price for this property is $17,515,000.
What are key features of this property?
This property features: $17,515,000 asking price for a 56,500 SF industrial distribution building.; Fee simple ownership with minimal landlord responsibilities; NNN lease.; High-visibility corner location in North Las Vegas, NV, near the airport and major freeways.
