1490 Quartz Ave Sandy Vly, Sandy Valley, NV 89019
- Retail properties & Spaces
- 10,500 SF
- 1.88 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 1490 Quartz Ave Sandy Vly
- Year built
- 2022
- Lot size
- 1.88 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a newly constructed (2022) Dollar Tree grocery store in Sandy Valley, Nevada. The 10,500 square foot building sits on a 1.88-acre lot at 1490 E Quartz Ave, Sandy Valley, NV 89019 (APN 201-32-410-018). Boasting a strong 5.00% cap rate and a substantial net operating income (NOI) of $140,700, this single-tenant, net-leased (NNN) property offers a stable and predictable income stream. The lease commenced October 27, 2022, and has a remaining term of approximately 8.2 years, extending to January 31, 2033, with further renewal options. The property's price per square foot is $268, totaling an asking price of $2,814,000. This is an ideal 1031 exchange property, offering minimal management responsibilities and a location approximately 45 minutes from Las Vegas. The property benefits from a corporate lease with a nationally recognized, creditworthy tenant, ensuring a secure and reliable investment. The 100% occupancy rate since the opening date further solidifies its financial strength. This turnkey investment is perfect for those seeking a low-maintenance, high-return property with long-term growth potential. The property is a single building and is a perfect fit for investors seeking a passive income stream.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sandy Valley
- County
- Clark
- State
- Nevada
- Longitude
- -115.582
- Latitude
- 35.8093
