BLAK Cheynne Industrial Park | NNN | 3650 W Cheyenne Ave
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BLAK Cheynne Industrial Park | NNN 3650 W Cheyenne Ave
56,500 SF 62% Leased Industrial Building North Las Vegas, NV 89032 £13,819,335 (£245/SF) 6.25% Net Initial Yield
Investment Highlights
- New 18-Year Lease | National Tenant | Corporate Guaranteed | Scheduled Rental Increases | Brand New Construction
- Signalized, Hard Corner Intersection | Adjacent to Airport Excellent Visibility & Access | Close to Freeways
- Strong Demographics In 5-Mile Trade Area
- NNN | Fee Simple Ownership | Minimal Landlord Responsibilities
- Close to Retail Centers | Cheyenne Market Place and Others
Executive Summary
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, newly constructed, 56,500 square foot two-tenant industrial building investment property, located in the BLAK Cheyenne Industrial Park in North Las Vegas, NV (Las Vegas MSA). The anchor tenant, Morsco Supply, occupying 35,000 square feet, recently signed a brand new 18-year lease with 2 (5-year) options, demonstrating their commitment to the site. The lease features attractive 5% rental increases every three years, steadily growing NOI and hedging against inflation. The lease is corporate guaranteed and is NNN with minimal landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. The building is a class A facility with brand new state-of-the-art, concrete tilt-up construction, with modern amenities and design.
Property Facts
| Price | £13,819,335 | Rentable Building Area | 56,500 SF |
| Price Per SF | £245 | Number of Floors | 1 |
| Sale Type | Investment NNN | Year Built | 2024 |
| Net Initial Yield | 6.25% | Clear Ceiling Height | 28 ft |
| Property Type | Industrial | No. Dock-High Doors/Loading | 4 |
| Building Class | A | Level Access Doors | 3 |
| Lot Size | 3.10 AC |
| Price | £13,819,335 |
| Price Per SF | £245 |
| Sale Type | Investment NNN |
| Net Initial Yield | 6.25% |
| Property Type | Industrial |
| Building Class | A |
| Lot Size | 3.10 AC |
| Rentable Building Area | 56,500 SF |
| Number of Floors | 1 |
| Year Built | 2024 |
| Clear Ceiling Height | 28 ft |
| No. Dock-High Doors/Loading | 4 |
| Level Access Doors | 3 |
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Morsco Supply
- Transportation and Warehousing
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99,999 SF
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Morsco Supply | Transportation and Warehousing | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Suite 140 is ±21,500 total SF with ±1,400 SF office and ±20,100 SF warehouse. This space is supported by two (2) ±10'x±14' grade doors and one (1) ±9'x±10', ±600 Amps of power and ESFR Sprinklers.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 140 | 21,500 SF | Industrial | Full Build-Out | Now |
1st Fl - 140
| Size |
| 21,500 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
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1st Fl - 140
| Size | 21,500 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Suite 140 is ±21,500 total SF with ±1,400 SF office and ±20,100 SF warehouse. This space is supported by two (2) ±10'x±14' grade doors and one (1) ±9'x±10', ±600 Amps of power and ESFR Sprinklers.
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PROPERTY TAXES
| Parcel Number | 139-08-417-001 | Improvements Assessment | £0 |
| Land Assessment | £447,482 | Total Assessment | £447,482 |
PROPERTY TAXES
Parcel Number
139-08-417-001
Land Assessment
£447,482
Improvements Assessment
£0
Total Assessment
£447,482
zoning
| Zoning Code | M-D (PUD Zoning (Planned Unit Development can accommodate a variety of industrial and commercial uses)) |
| M-D (PUD Zoning (Planned Unit Development can accommodate a variety of industrial and commercial uses)) |
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Power Broker Patrick Luther -
SRS National Net Lease
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STREET
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BLAK Cheynne Industrial Park | NNN | 3650 W Cheyenne Ave
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