3575 Pecos-Mcleod Interconnect Las Vegas, NV 89121
- Office Properties & Spaces
- 16,209 SF
- 3.04 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 3575 Pecos-Mcleod Interconnect
- Year built
- 1989
- Lot size
- 3.04 lot acres
- Property size
- 16,209 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.109
- Latitude
- 36.1246
