80 M.l.k. Blvd Las Vegas, NV 89106
- Retail properties
- 10,516 SF
Current Use by Public Records
- Retail properties
Property Details for 80 M.l.k. Blvd
- Year built
- 2014
- Property size
- 10,516 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 10,516 square foot, single-story retail storefront, built in 2014, is located at 80 S Martin L King Blvd, Las Vegas, NV 89106. The property boasts a strong 5.65% cap rate and is currently 100% occupied by two credit-rated tenants, Centerwell (a Humana subsidiary) and another tenant, under a triple-net (NNN) lease structure. The property features a prominent location directly off the US-95 and I-15 freeway on-off ramp, providing excellent visibility and accessibility. Benefitting from a large pylon sign, the building enjoys a high-traffic location adjacent to Costco and the Las Vegas Metropolitan Police Department, and across from Ashley Furniture and Walker Furniture. The property is zoned T5-M and has an APN of 13928402004. This stabilized investment opportunity presents a compelling return with a strong tenant profile and desirable location. The asking price is $4,100,000, translating to $389.88 per square foot. This is a rare chance to acquire a prime retail asset in a high-growth area of Las Vegas.
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
- -115.161
- Latitude
- 36.1736
