1990 Bell Vis Ave Pahrump, NV 89060

Property Details for 1990 Bell Vis Ave

Year built

2016

Construction

STONE

Lot size

1.41 lot acres

Property size

8,320 SF

Zone code

NC

Property type

Commercial real estate

APN

027-381-89

APU

2738189

Description

This exceptional investment opportunity presents a fee-simple, Class A, 8,320 square-foot Family Dollar store located at 1990 W Bell Vista Ave, Pahrump, NV 89060. The property, built in 2017 and situated on a 1.41-acre lot, boasts a strong 8.00% cap rate and a substantial NOI of $112,800. The current net lease, with a corporate guarantee, has a remaining term of approximately 1.9 years, followed by 5 x 5-year renewal options. This single-tenant building operates at 100% occupancy, serving a significant population within a 3-mile radius (8,057 residents) as a primary grocery source, given the nearest major grocers are approximately 6 miles away. Its strategic location on the main route to and from Death Valley National Park, a major tourist destination attracting over 1.1 million visitors annually, ensures consistent high traffic and revenue generation from tourists and local residents alike. The store is licensed to sell cigarettes, further enhancing its profitability. The property's zoning is NC, and the average household income within a 3-mile radius is $58,370. This presents a compelling investment opportunity with significant upside potential upon lease renewal, particularly given Nevada's status as one of nine states without income tax. The asking price is $1,410,000, translating to $169.47 per square foot. The property's strong performance, coupled with its prime location and favorable lease terms, makes it an attractive addition to any investment portfolio.

Location Insight

City

Pahrump

County

Nye

State

Nevada

Longitude

-116.05

Latitude

36.2643

CBSA code

37220

CBSA name

PAHRUMP, NV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments