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  • Property Details
  • Marketing Information
  • Price: $6,495,000
  • Property Size: 31,000 SF
  • Land Area: 1.64 Acres
  • Cap Rate: 5.26%
  • NOI: $342,000
  • Lease Type: Firm Lease Term: 10 Years
  • $/SF: $210
  • Property Type: Special Use
  • Property Status: For Sale

Description

The Investment Services Group at Sun Commercial Real Estate has been exclusively retained to offer qualified investors the opportunity to acquire a mixed-use retail opportunity on Las Vegas Boulevard, consisting of a 16,000 SF 3 story Hotel, 3,000 SF Wedding Chapel, 6,500 SF Event Center and 5,500 SF Restaurant totaling ±31,000 square foot. The Property is situated on 1.64 acres on Las Vegas Boulevard just south of Charleston Boulevard having the civic address of 1205 Las Vegas Boulevard, Las Vegas, NV 89104.

OWNER/USER HIGHLIGHTS

  • Prime Las Vegas Strip Location
  • Stunning 6,500 SF Event & Banquet Center built in 2013 and seats 240 people
  • 16,000 square feet 27 room hotel that could again serve as a hotel to the event center, currently being used for the wedding chapel, offices, call center and storage
  • 5,500 SF very popular newly renovated Thai Cuisine Restaurant
  • Future Development Opportunity with Possible Entitlements for a High-Rise Gaming Hotel or High-Rise Apartment Building

INVESTMENT HIGHLIGHTS

  • Stable Income Producing Property with a 18 Year Operating history
  • 10 Year Sale-Leaseback Term
  • Two (2%) Percent Annual Rental Increases
  • Below Market Rent Structure starting at only $0.92 PSF Provides Safety of Income

Contact info

Anders Graciano
Anders Graciano
(702) 968-7336(702) 443-2881
Linkedin
Jennifer Lehr
Jennifer Lehr
(702) 968-7329(702) 782-9385
Jessica Cegavske
Jessica Cegavske
(702) 968-7321(702) 326-1590
Linkedin
Roy Fritz
Roy Fritz
(702) 968-7322(702) 482-9675
Linkedin
Cathy Jones
Cathy Jones
(702) 968-7320(702) 595-8765
Linkedin

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