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C & R Center 2560 N Las Vegas Blvd 10,560 sq ft 100% Let Retail Property North Las Vegas, NV 89030 £2,346,151 (£222.17/sq ft) 6.98% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 2 buildings, free-standing mini market and multi-tenant retail building (2 separate parcel #s)
- PRICE ADJUSTMENT - 7% cap rate
- Less than 1-mile north of NLV City offices surrounded by residential and commercial users.
- Las Vegas Blvd N. frontage with major bus stop in-front of property.
- 100% occupied with Long-term tenants with NNN leases.
- NEW ROOF installed on the 2560 building (10-yr warranty)
EXECUTIVE SUMMARY
***7% cap rate*** 2560 & 2564 Las Vegas Blvd. N. consists of 10,560 SF of retail space. 2564 is a free-standing mini mart of 2,880 SF and inline stores consists of 8 suites of 960 SF each. 100% occupied with a few long-term tenants that all are on NNN leases.
BRAND NEW ROOF INSTALLED ON THE 2560 BUILDING WITH A 10-YR WARANTTY in early2024.
BRAND NEW ROOF INSTALLED ON THE 2560 BUILDING WITH A 10-YR WARANTTY in early2024.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£167,343
|
£15.85
|
| Other Income |
£61,468
|
£5.82
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£228,811
|
£21.67
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£43,527
|
£4.12
|
| Net Operating Income |
£185,284
|
£17.55
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £167,343 |
| Annual Per sq ft | £15.85 |
| Other Income | |
|---|---|
| Annual | £61,468 |
| Annual Per sq ft | £5.82 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | £228,811 |
| Annual Per sq ft | £21.67 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Total Expenses | |
|---|---|
| Annual | £43,527 |
| Annual Per sq ft | £4.12 |
| Net Operating Income | |
|---|---|
| Annual | £185,284 |
| Annual Per sq ft | £17.55 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Property Size
10,560 sq ft
Costar Property Class
B
Year Built/Renovated
1978/2015
Price
£2,346,151
Price per sq ft
£222.17
Yield
6.98%
NOI
£163,761
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.37
Total Plot Size
0.66 ac
Use Class
C-2 - General Commercial, retail stores and shops
Parking
80 Spaces (7.58 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- Bus Route
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
Walk Score®
Easily Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £163,367 | |
| Land Assessment | £110,093 | Total Assessment | £273,460 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£110,093
Improvements Assessment
£163,367
Total Assessment
£273,460
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C & R Center | 2560 N Las Vegas Blvd
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