6121 Craig Rd Las Vegas, NV 89130

Property Details for 6121 Craig Rd

Lot size

0.70 lot acres

Property size

1,000 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a fee-simple, 0.7-acre parcel in Las Vegas, NV, improved with a new Class A, 1,000 square foot building, slated for completion in 2025. The property boasts a 20-year absolute NNN ground lease with Salad & Go, a rapidly expanding QSR chain currently operating in multiple states and projecting over 140 locations by Q1 2025. The lease commenced August 1, 2024, and expires July 31, 2044, featuring a 10% rent increase every five years and four, five-year renewal options. The current annual net operating income (NOI) is $125,000, yielding a 5.25% cap rate on the $2,381,000 asking price. The property is strategically located at 6121 W Craig Rd, Las Vegas, NV 89130, in a high-traffic area with approximately 25,430 vehicles per day on W Craig Rd and 20,100 vehicles per day on Rancho Drive. This prime location is situated near other quick-service restaurants and major retailers, including EOS Fitness, Lowe's, and Boulevard Home Furnishings, ensuring high visibility and strong customer traffic. The property is zoned C-2. This is a rare opportunity to acquire a secure, long-term investment with a proven tenant and significant growth potential. The property is a single-tenant building.