NNN Ground-Leased Investment Opportunity

1.21 ACRES WITH ±9,000 SF COVERED/UNENCLCOVERED Yard Storage Space

AVAILABLE FOR SALE - 3596 Procyon St

Excellent investment opportunity, - very strong local tenant has occupied the site and neighboring parcel for 15+ years. Located in the Las Vegas Resort Corridor with its several new retail, multi-family, and mixed-use developments under construction. Immediate access to Interstate-15 Highway. Easy access from this location to the Las Vegas Strip, the Convention Centers, the Harry Reid International Airport, and a variety of retail and restaurant amenities.

Purchase Price $3,900,000

3.7-4.1% PROJECTED CAP RATES THROUGH 2026

Property Details 3596 Procyon St
LOCATED ON PROCYON ST & SOUTH OF SPRING MOUNTAIN RD $12,000/MONTH NNN WITH ANNUAL 3% INCREASE

3-YEAR LEASE WITH ONE 3-YEAR OPTION TO EXTEND

Year 1 -$144,000
Year 2 – $148,320
Year 3 – $152,770
Year 4 – RENEWAL OPTION

APN / Parcel ID:

Lot Size

Covered Yard Storage Square Footage

Planned Zoning:

162-17-202-020

1.21 Acres / 52,708 SF

±9,000

M1 – Industrial

Procyon Street

acre

52,708 SF with ±9,000 SF of
Covered Yard Storage

Revolutionary Underground Transportation System Underway: Elon Musk’s The Boring Company’s Vegas Loop Station Development Right Next Door

Industrial LAND FOR SALE 1.21 Acres with ±9,000 SF COVERED YARD STORAGE Available at the gateway into the Las Vegas Chinatown/Asian District

Located near the Las Vegas Strip just west of the I-15 freeway interchange at Spring Mountain Road. This site offers not only immediate cash flow but also has immense land appreciation and development potential.