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USA Auto Service Multi-Care

$2,991,000

5890 S Rainbow Blvd, Las Vegas, NV 89118

Active
Last Updated: 04/01/2025

5.85

Cap Rate

175,000

NOI

Details:
Cap Rate:    5.85%
NOI:    $175,000
Building Size:    3,327 sqft
Lot Area:    11,630 sqft
Lease Type:    Absolute Net
Year Built:    2025
Tenancy:    Single
Highlights:
  • 15-year absolute NNN lease with 3% annual rental increases – zero landlord expense or maintenance obligations
  • Lease is signed b y tenant’s parent company – Auto Management, Inc. – and features a personal guaranty from the company’s founder
  • Subject property is a “Multi-Care” concept store specializing in a wide range of services (brakes, tires, batteries, etc.) providing for much higher sales volume per customer
  • Part of a 5-property development located at W Oquendo Road & S Rainbow Road exposed to significant traffic counts – 50,000+ VPD
  • Dense residential area – 361,516 residents within a 5-mile radius of the subject property
  • Affluent market – $ 119,929 average household incomes within a 1-mile radius of the subject property
  • Just 6 miles from the Las Vegas Strip – 40M+ annual visitors
Description:

A 15-year absolute net corporate USA Auto Service Multi-Care featuring 3% annual rental increases throughout the base term and options. The subject property is part of a 5-parcel retail development which includes Starbucks and Conoco Phillips as well as a future dermatologist tenant and inline retail strip building. The tenant has 25+ years of experience with 21 locations in the Vegas MSA.

Map:
Documents:
Title
USAAuto_LasVegasNV.pdf
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