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    3575 Pecos-Mcleod Interconnect Las Vegas, NV 89121

    Sponsored
    For Sale
    $8,450,000

    High-growth tenant, strong lease terms.

    Property size:
    16,209 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 16,209 square foot, Class B medical office building in Las Vegas, Nevada. The property, located at 3575 Pecos-McLeod Interconnect, 89121, is situated on a 3.04-acre lot and features a two-story building constructed in 1989, with renovations completed in 2024, including roof replacement and interior refresh. Currently 100% occupied by Shepherd Eye – a high-volume surgery center and ophthalmology clinic – under a Net Lease (NN+) agreement. The lease commenced January 1, 2010, and was recently extended, expiring May 31, 2036, with two five-year renewal options. The lease includes favorable annual rent bumps of 3.0%. The property boasts a strong Net Operating Income (NOI) of $515,276, resulting in an attractive 6.10% cap rate. The asking price is $8,450,000. Shepherd Eye, a nationally renowned practice, has a long history in the area and continues to experience significant growth. The property is zoned C-P and benefits from excellent access and visibility on a major thoroughfare, serving a strong medical demographic. This offering represents a compelling investment in a stable, high-demand sector of the real estate market, further enhanced by Las Vegas's robust economic growth and zero state income tax. The property's APN is 162-13-602-002, 162-13-605-001, 162-13-605-003, 162-13-605-004.

    Property Features for 3575 Pecos-Mcleod Interconnect

    General Information

    Property type
    Medical offices
    Square Feet
    16,209 SF
    Class
    B
    Lot Size
    132,422 SF

    Building Details

    Year Built/Renovated
    1989/2024
    Buildings
    1
    Stories
    2

    HighLights

    • 12‑year lease renewal expiring May 2036.
    • High‑growth, regionally dominant tenant.
    • State's highest‑volume surgery center.
    • Strong demand for ophthalmology services driven by aging population.
    • Attractive 3% annual rent growth.
    • 2024 renovations included roof replacement and interior upgrades.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.1086285
    Latitude
    36.1245846

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    FAQs

    What type of property is this?
    Medical office - High-growth tenant, strong lease terms.
    Where is this medical office located?
    The property is located at 3575 Pecos-Mcleod Interconnect Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $8,450,000.
    What are key features of this property?
    This property features: 12-year lease renewal expiring May 2036.; High-growth, regionally dominant tenant.; State's highest-volume surgery center.
    Request Owner's contact information
    3575 Pecos-Mcleod Interconnect Las Vegas, NV 89121
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    Realmo Value Estimation

    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

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    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.

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    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.

    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
    3575 Pecos-Mcleod Interconnect Las Vegas, NV 89121
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