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325 N Sandhill Blvd

5,254 SF 100% Leased Retail Building Mesquite, NV 89027 £2,235,581 (£426/SF) 4.84% Net Initial Yield

Investment Highlights

  • 1.15+/- net acres
  • Already has Jimmy John's sandwich shop and Fixxology
  • APNs: 001-16-501-006, 001-16-501-007, 001-16- 501-008, 001-16-501-009, and 001-16-501-010
  • Total rentable building area of 5,255 square feet.
  • Heavy traffic corner of North Sandhill Boulevard and East Old Mill Road

Executive Summary

The investment property at 325 N Sandhill Blvd in Mesquite, NV, spans 1.15 +/- net acres and includes three well-established tenants: a 2,824-square-foot gas station, a 2,430-square-foot Jimmy John’s sandwich shop, and a 1,200-square-foot Fixxology. The property features a total rentable area of 5,254 square feet and has seen over $1 million in recent investments, including a new roof and HVAC system. Located at the northwest corner of North Sandhill Blvd and East Old Mill Road, it benefits from high-traffic exposure near popular brands like KFC and Dutch Bros. Both Jimmy John’s and Fixxology have their own dedicated drive-thrus, adding convenience and value for customers. With fully renovated spaces and stable tenants, this property offers a turnkey investment opportunity with strong potential for long-term value and steady occupancy.

Property Facts

Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Service Station
Building Size
5,254 SF
Building Class
C
Year Built
1996
Price
£2,235,581
Price Per SF
£426
Net Initial Yield
4.84%
NOI
£108,202
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.10
Land Acres
1.15 AC
Zoning
CR-2, Mesquite
Parking
21 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
165 ft on Sandhill Blvd.

Amenities

  • Drive Thru

About 325 N Sandhill Blvd , Mesquite, NV 89027

1.15+/- net acres. Terrible Herbst Convenience store/Gas station, Jimmy John’s sandwich shop and Fixxology located in the City of Mesquite, NV. 2,824-square foot convenience store/gas station and a 2,430-square foot Jimmy John’s sandwich shop and Fixxology for a total rentable building area of 5,254 square feet. Located at the northwest corner of North Sandhill Boulevard and East Old Mill Road. Great location! Great business opportunity!

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Jimmy Johns
  • -
  • -
  • -
  • Jan 2043
  • Terrible Herbst
  • -
  • -
  • -
  • May 2054
Tenant Industry SF OCCUPIED RENT/SF Lease End
Jimmy Johns - - - Jan 2043
Terrible Herbst - - - May 2054

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
6,830
22,351
27,653
28,012
2029 Population
7,488
24,691
30,488
31,217
2024-2029 Projected Population Growth
9.6%
10.5%
10.3%
11.4%
Median Age
53.4
61.9
63.5
63.9
College Degree + Higher
18%
22%
23%
17%
Daytime Employees
3,717
7,681
8,379
9,025
Total Businesses
341
726
808
915
Average Household Income
$80,897
$77,633
$78,237
$79,332
Median Household Income
$61,648
$63,586
$64,337
$65,509
Total Consumer Spending
$88.7M
$308.2M
$389.9M
$398.1M
2024 Households
2,897
10,153
12,627
12,825
Average Home Value
$389,288
$396,430
$415,353
$423,372
$ values in USD

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 001-16-501-006
  • 001-16-501-010
  • 001-16-501-007
  • 001-16-501-008
  • 001-16-501-009
Land Assessment
£109,694
Improvements Assessment
£281,557
Total Assessment
£391,252
  • Listing ID: 30912107

  • Date on Market: 08/02/2024

  • Last Updated:

  • Address: 325 N Sandhill Blvd, Mesquite, NV 89027

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