601 Whitney Rnch Dr Henderson, NV 89014-2642

Property Details for 601 Whitney Rnch Dr

Year built

2023

Construction

FRAME

Lot size

1.39 lot acres

Property size

1,260 SF

Property type

Car washes

APN

178-04-614-006

APU

17804614006

Description

This exceptional investment opportunity presents the chance to acquire a fee-simple interest (land and building) in a brand-new Take 5 Oil Change located in Henderson, Nevada. The property boasts a 1,700 square foot building on a 0.58-acre lot, constructed in 2023, and operating under a 15-year absolute NNN lease with a strong franchisee tenant. The lease includes three 5-year renewal options, each with a 10% rent increase, ensuring consistent income growth and inflation protection. The property enjoys a 100% occupancy rate, generating a current NOI of $165,000 and a 5.51% cap rate. The asking price is $2,995,000, translating to $1,761.76 per square foot. This prime location at 601 Whitney Ranch Dr, Henderson, NV 89014, benefits from high visibility at a signalized intersection with excellent access to Interstate 515, a major thoroughfare. The surrounding area features a dense retail corridor including the Galleria at Sunset mall and numerous national retailers, creating strong tenant synergy and a large consumer base. The 5-mile trade area boasts over 337,000 residents and 135,000 employees, with an average household income of $97,445. The property is zoned Community Commercial (CC) and has an APN of 178-04-614-006. This is a truly passive investment opportunity with zero landlord responsibilities.

Location Insight

City

Henderson

County

Clark

State

Nevada

Longitude

-115.054

Latitude

36.0642

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments