7960 Decatur Blvd Las Vegas, NV 89131
- Retail properties
- 5,000 SF
- 0.80 lot acres
Current Use by Public Records
- Retail properties
Property Details for 7960 Decatur Blvd
- Year built
- 2024
- Lot size
- 0.80 lot acres
- Property size
- 5,000 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 5,000 square foot, Class A retail property in Las Vegas, Nevada. Located at 7960 N Decatur Blvd, this single-tenant, absolute NNN leased convenience store, grocery store, and QSR establishment boasts a 20-year lease commencing January 1, 2025, and expiring December 31, 2044. The property features 15 gaming machines, a rare license with no competing taverns within a two-mile radius. The asking price is $3,750,000, representing a $750 per square foot price and a 6.00% cap rate, with a current NOI of $225,000. The lease includes 10% rent bumps every five years and four five-year renewal options. Situated on 0.8 acres of land in a C-1 MPC (Master Plan Community Neighborhood Commercial) zone, the property benefits from its prime location at the main entry point to the new Valley Vista Master Planned Community by D.R. Horton, a development encompassing 4,100 new homes. The affluent trade area boasts an average household income of $117,440 within a one-mile radius. This property offers a secure, long-term investment with significant upside potential, driven by robust population growth projections for the Las Vegas metro area, expected to expand by 14% through 2028. The building, constructed in 2024, is currently 100% occupied. This fee-simple ownership opportunity provides a compelling combination of strong tenant performance, favorable lease terms, and a rapidly growing market.
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
- -115.207
- Latitude
- 36.3051
