4388 W Craig Road

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4388 W Craig Road

North Las Vegas, NV 89032
Asking Price
$7.60M
Cap Rate
6.75%
Asset Type
Restaurant Retail
Class
Class B

What's Special

Retail | 6.75% CAP | 4,625 SqFt <ul><li>​The lease is signed by LVP Food Service Concept LLC, a growing operator with locations across 9 brands and subsidiary of LV Petroleum</li><li>​LV Petroleum operates over 80 travel center locations, 180 quick-service restaurants, and 30 convenience stores, see page 18</li><li>​New 10-year lease with 2 (10-year) option periods to extend</li><li>​The lease features 2% annual rental increases throughout the initial term and option periods</li><li>​The project is currently under construction

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NOI
$80,000
Cap Rate
1.05%
DSCR
0.18
Underwater
Cash-on-Cash
-16.28%
Monthly Payment
$37,595.706
Annual Cash Flow
$-371,148.47

Location & Travel Times