Las Vegas, Nevada – Today our report is on a Net Leased Carl’s Jr that sold in Las Vegas, Nevada. We have not had many Net Lease Properties reports from Nevada as of late. Carl’s Jr. is a popular Net Leased Investment tenant, out west in California and Nevada. This particular Net Lease Investment is located at 7125 S. Rainbow Drive in Las Vegas, Nevada. This is another viable option for a 1031 Exchange property.
This was an excellent opportunity to acquire an absolute “NNN” net leased property, with no landlord responsibilities. The tenant, who is leasing as Carl’s Jr. is responsible for all taxes, insurance, and maintenance. The net lease property is in the first year of a 20 year absolute “NNN” lease with 10% increases every 5 years. The net lease tenant is S.L. Investments conducting business as Carl’s Jr. They are a well established Company and is the master franchisee for the Las Vegas market.
This is a well positioned net lease property outparcel on Rainbow and Arby just South of the Arroyo Market Place. Some large Anchor Tenants nearby include include Sam’s Club, Walmart, Home Depot, and several other national retailers within minutes. The net leased property is located on Rainbow just South of I-215. A Net Lease Property search should be completed in this area for availbale triple net lease properties.
This Net Lease Investment with Carl’s Jr.’s restaurant, sold for $3.157 million. This is an attractive Investment Property as Carl’s Jr. has a “NNN” triple net lease on the property. This Net Lease Investment was constructed earlier this year. The restaurant pays $225,000 in rent annually for the first five years followed by 10% annual increases every five years.
The Net Lease Property seller, Arby Rainbow LLC, sold the 2,885 square-foot Carl’s Jr. property. This net lease investment sits on 0.67 acres, inside Rainbow Arby Community Plaza. The Net Lease Property Buyer was a private investor paying the $3.157 million, which equates to roughly $1,094 per square foot.
Also, we have information for the Las Vegas Net Lease Properties area as a Walgreen’s property sold recently. Donald Morelli purchased a Net Lease Property at 9305 S. Eastern Ave. in Las Vegas, Nevada. This Net Lease Investment Property is a 13,905 square-foot retail building at Corporate Service Center. The Net Lease Investment sold for $5.05 million, or $363 per square foot. This Net Lease Property was built in 1999 and sits on 1.72 acres, in Clark County. The Net Lease Property having a great Tenant, Walgreen’s on a net lease makes this a desirably investment.
Feel free to Contact us to purchase various Net Lease Properties. Also Contact us to sell your existing Net Lease Properties portfolio. We have relationships with 1,000’s of commercial real estate investors interested in purchasing net lease investments. We provide tremendous marketing and exposure for your net lease properties, resulting in the highest pricing and quicker closings.
List of other Retail Single Tenants that may be available for Net Lease Properties:
•AutoZone Net Lease Property
•Burger King Net Lease Property
•CVS Net Lease Property
•FedEx Net Lease Property (Federal Express Net Lease Property)
•Home Depot Net Lease Property
•Kohl’s Net Lease Property
•Kroger Net Lease Property
•Lowe’s Net Lease Property
•McDonald’s Net Lease Property
•Safeway Net Lease Property
•Staples Net Lease Property
•Wal-Mart Net Lease Property
•Wendy’s Net Lease Property
If you are ready to purchase a Net Leased Property, Loanrise.com can assist you with CTL Financing or Commercial Loans or Non Recourse Loans.