Las Vegas Free Standing Restaurant offered at +/-8.4% Cap Rate!

This is NOT going to Last!

This may or may not be your cup of tea, but it is an investment worth a second look.

Popular China Star Restaurant located on Craig Road and very, very near a Walmart Superstore.

Investment Summary:

Offering Price:                $1,990,000

NOI:                                $166,320

Cap Rate:                       8.36%

Lease Term Remaining: 10 Years (This is excellent for a free standing investment.)

Location:                         1075 W. Craig Road, North Las Vegas, NV 89032

        Home Depot Anchored Shopping Center Pad

Sale Highlights

•             Safe and Secure Investment:  Tenant has been at this location since the property                 was built in 2007

•             NNN Lease (No Landlord Responsibilities)

•             Over 10 years remaining on their initial lease term

•             Home Depot Outparcel: Located in a very busy retail district

•             Adjacent to Revere Marketplace, which is anchored by Home Depot, PetSmart,                     and Office Depot.

   This has excellent exposure on high traffic Craig Road -- which is one of the busiest               east/west thoroughfares in the Las Vegas MSA.

   Shopping Center has its own signalized intersection!

Google Earth the site’s address to see the surrounding amenities/properties.

For more Information about Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR 70 25 01 93 88

Las Vegas Commercial Real Estate Resort Investment Property Do's and Don'ts!

For some reason, quite a few "investors" ask me about financials for certain 'well located' Resort, Hotel, Motel and Gaming Properties.

Looking at and analyzing the financial statement would be the normal way of processing whether or not a 'well located' property is worth a specific sales price.

However, these well located properties suffer from the fact the Owners do know all about the situation of the prominent location of these properties.  Since most of the 'Buyers' are unaware, it is important to know -- before even asking -- that the most important features of these properties are: the H-1 zoning, the fact that they lie within the Clark County Gaming Overlay; and that there is a future upside IF certain elements of the surrounding properties do ever evolve into a massive development.   So, what is the current owner to do?  Well, that answer is easy: they hold out for their price.

Unfortunately, these well intended Buyers come along and 'think' they are smarter than the Sellers; and they try in vain to overtly explain why the property isn't worth, for example, $10 Million an acre.  (This is an approximate measure of value that the land under the resort hotel, motel that Sellers use as a gage to establishing the sales value of a property.)

The problem with this is that there are some Buyers who will -- because of a sense of desire -- overpay for a property -- thus set an unrealistic bar for us Real Estate Brokers.

Yeah!  It is great for our bank accounts.  However, it sends an unrealistic value ripple effect through the neighboring properties.

When this happens, the Owners/Sellers now think that their property is worth that or more simply because their properties are NOT vacant, better maintained, even though NOT as 'well located.'

I don't want anyone to figure out "who" I am talking about.  Let's just say his intention is good; his execution is bad.

So, when I know of a property for sale at $1 Million an acre, lets say, that is the price set by the well intended 'Seller" because of the fact that a similar property down the street sold for close to that amount.

And because of this established price, any financial information I have will NOT reflect the Sellers Selling value adequately.  And, I do know that the financials only show a Cap Rate; and, I feel like an idiot for taking a listing at that high of a price.  But, since the Seller has bought and Sold properties through me over the years, I want to service them as best I can.

You understand, right?

So, out of state Buyers, please pay attention, when you review marketing information I send you, just remember that the financials have played little in establishing the selling price of a Resort Hotel, Motel, and/or Gaming asset -- especially along the "Strip."

So, 'Do' ask me questions about Las Vegas Commercial Real Estate!  I will answer them as honestly and as effectively as I can; but, please 'Don't' come to Las Vegas thinking you are going to acquire a 'well located' property below market value.

There are certain 'things' about Resort properties that I know that make that property worth more than the financials reveal.

Are we on the  same page?

For more Information about Las Vegas Commercial Investment Real Estate Property, contact David Howes at: david@davidhowes.net OR 702-501-9388!

Is it Safe(?) to Return to Real Estate Investing?

About a week ago, I saw this headline question in Forbes.  The problem I immediately saw with the answer was the author was actually using this question to pump small investors to consider REIT's (Real Estate Investment Trust) as the safe way a small investor could get back into real estate.  He especially singled out Kimco who does have some very choice and well located shopping centers around the country.  Now, these are pretty safe investments.  But, the Return on Investment (ROI) is going to be smaller than an amateur investor would expect.

And, sure, there are also thousands of SFR/Condo Investors with enough cash to gobble up that market.  And most of these Buyer/investor types "think" they will get the property at a steal; and IF they are willing, they just sit on their "prized" acquisitions anxiously waiting for the right timing to come along so that they will start "flipping" again.

But, what these small RE investors are forgetting is that there are really good valued CRE properties waiting for a Buyer.  Sure, it may cost more than a house or condo.  But, IF you have +/-$1 Million, you can get a small net leased property paying a decent Cap Rate or ROI.  And in Las Vegas, a really good Walgreen's Net Lease will run in the 8% to 7.5% Cap Rate.  But, you can even find 9% Cap Rates on some unusual properties that are NOT mainstream.

IF you check out the column to the right, you will see buttons to various properties.  If you don't see one in your price range, just drop me an email and I will -- free of charge -- search the Las Vegas area for what is available in your price range.  I have seen fast food restaurants, office buildings, (small 4- 8 units) apartment buildings all under that $1 Million mark.

AND, if Property Management isn't your thing, a net leased investment sounds like its right up your alley.

For more Information about Las Vegas Commercial Investment Real Estate Property, contact David Howes at: david@davidhowes.net OR 702-501-9388!