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CLOSED ESCROW

NET-LEASED | TIRE WORKS

3225 WEST ANN ROAD

LAS VEGAS, NV 89031

PRICE:

PRICE/SF:

BUILDING SF:

CAP RATE:

LEASE TERM REMAINING:

YEAR BUILT:

​

$2,000,000

$349

5,725

8.56%

​

6 Years

2005

DEAL HIGHLIGHTS​:

  • 1031 Exchange Buyer

  • Great Cap Rate - 8.56%

  • Phenomenal North Las Vegas Location

  • 12% Rent Bumps Every Five Years

 

ASSET HIGHLIGHTS

  • Absolute Triple-Net Lease

  • Substantial 12-Percent Rental Increases Every Five-Years

  • CAP Rate Increases to 9.14 Percent in 2014

  • Rare Corporate and Personal Guaranteed Lease

  • Strong Area Demographics - Over 23,000 People Residing Within a One-Mile Radius; Average Household Income Exceeding $76,000 per Year

  • Established Location with Strong Surrounding Retail

  • Well Respected and Financeable Tenant

THE ASSET

At Tire Works we know tires, guaranteed! Around here, we love tires. So we surrounded ourselves with them, all the best brands. We've got thousands of tires in stock, and we know the specs on every one. When it's time for you to replace your tires, we'd love to help. We'll find the best set of tires for your car and beat any price you can find. We just want you to love your tires, too.

 

What Makes Tire Works Total Car Care Work At Tire Works, we're a little different. We handle every service, maintenance, tires and repairs with the best parts, prices and people around. And we believe our customers notice. Take our certified technicians for example. Sure, their work is top notch. But they also happen to be some of the friendliest people around.

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