Single-Tenant Retail Space
Las Vegas, NV 89110 Las Vegas, NV 89110
For Sale
$1,750,000
NNN leased retail space in growing Las Vegas submarket.
Property Size4,723 SF
Price / SF$370.53
Days on Market180
Property Features
General Information
- Standard status
- Active
- Size
- 4,723 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1982
Listing Agency:
MDL Group
(917) 414-9558
Listed By:
Michael Greene, CCIM · License #NV #S.0186326
(917) 414-9558
Source:
Corfac
Added: Jan 26
Changed: Jul 10
Last Checked: Jul 25 at 3:20AM
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 MDL Group
Investment Insights
Based on property information with market context.
The property at 555 Page St is a 4,723 SF single-tenant retail space occupied by Kid City USA. It is secured by a 14+ year Triple Net (NNN) lease with zero landlord responsibilities, including both personal and corporate guarantees. Kid City USA is a nationally recognized operator with over 140 locations and more than 25 years in business. The property is located in a densely populated area of Las Vegas, less than 10 miles from Harry Reid International Airport. The location benefits from strong consumer exposure and convenient connectivity, situated in a high-traffic corridor with over 56,000 vehicles per day on nearby Nellis Boulevard. The property is surrounded by major national retailers and over 10 elementary schools within a 5-mile radius. This asset offers a passive investment opportunity in the growing Las Vegas metro area.
Key Highlights
- 14+ year Triple Net (NNN) lease with zero landlord responsibilities, offering a true passive investment.
- Tenant is Kid City USA, a nationally recognized operator with over 140 locations and 25+ years in business, secured by personal and corporate guarantees.
- Located in a densely populated and growing Las Vegas submarket.
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 | $104.9k | $22.20 |
| − Vacancy | −$8.9k | −$1.89 |
| EGI | $95.9k | $20.31 |
| − OpEx | −$28.8k | −$6.09 |
| NOI | $67.2k | $14.22 |
4,723 SF · lease $22.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$959.4K
$839.5K – $1.12M
NOI $67,157 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,727 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - NNN leased retail space in growing Las Vegas submarket.
Where is this retail space located?
The property is located at Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 14+ year Triple Net (NNN) lease with zero landlord responsibilities, offering a true passive investment.; Tenant is Kid City USA, a nationally recognized operator with over 140 locations and 25+ years in business, secured by personal and corporate guarantees.; Located in a densely populated and growing Las Vegas submarket.
