Durango Dr Las Vegas, NV 89113
- Specialty properties
- 3,600 SF
- 1.27 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 0 Durango Dr
- Year built
- 2025
- Lot size
- 1.27 lot acres
- Property size
- 3,600 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a 20-year corporate ground lease with Quick Quack Car Wash, the 4th largest car wash brand in the U.S. Located in Spring Valley, Las Vegas, this brand-new (2025 construction) 3,600 square foot car wash sits on a 1.27-acre lot with excellent visibility and access along South Durango Drive (30,500 AADT) near its intersection with West Russell Road (17,000 AADT), and close proximity to Interstate 215 (91,000 AADT). The property benefits from strong demographics, with a population of 368,838 within a 5-mile radius, experiencing a 3.29% growth rate (2024-2029) and an average household income of $113,587 within 1 mile. The lease features a $3,545,000 asking price, a 5.50% cap rate, and a strong NOI of $195,000. Rent increases are scheduled at 10% every 5 years and 12.5% at option periods. The lease includes ten (10) five-year options, providing long-term stability and significant appreciation potential. This is a truly passive investment with no landlord maintenance responsibilities, offering substantial returns in a rapidly growing area less than 8 miles from the Las Vegas Strip. The property's location within the well-established Spring Valley suburb, a diverse and growing community, ensures consistent demand and strong cash flow. The Las Vegas metropolitan area's robust economy, driven by tourism, hospitality, and a rapidly expanding population, further enhances the investment's appeal.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.279
- Latitude
- 36.0853
