- For Sale $839,000
- Property Type Retail - Restaurant
- Property Size 3,600 SF
- Lot Size 0.32 Acre
- Cap Rate % 7
- NOI / YR $58,725.00
- # of Floors 1
- Property Tenancy Multi-Tenant
- Year Built 1966
- Year Renovated 2025
- Date Updated Aug 25, 2026
Description
A rare opportunity to own a fully-leased, two-tenant retail investment on a signalized hard corner of E. Charleston Blvd, one of the busiest retail corridors in the valley (±31,000 VPD). This ±3,600 SF building delivers stabilized income today with a clear, near-term path to grow NOI.
The property is anchored by a newly-signed, personally-guaranteed five-year NNN restaurant lease with 3.5% annual rent bumps, run by an experienced operator with multiple Las Vegas locations. The second suite is occupied by a long-term laundromat tenant paying below-market rent, on a lease expiring May 2027, giving the next owner a clear opportunity to mark rent to market or re-tenant.
Recent capital improvements include roof work, parking lot upgrades, HVAC, and a 2025 grease interceptor, reducing near-term capex risk for a buyer.
Situated directly across from the City of Las Vegas's newly established ±1,350-acre Redevelopment Area 3 (July 2026), the property sits in the path of corridor-wide reinvestment. It also falls within a Census Tract eligible for the 2027 Opportunity Zone 2.0 round, offering a potential buyer the ability to pair an OZ strategy with capital gains deployment (subject to final designation — consult your tax advisor).
This is a turnkey, income-producing asset for a 1031 buyer or value-add investor seeking in-place cash flow with built-in upside.
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Contacts
The Barashy Group
Location
Located at 3515 E Charleston Blvd, Las Vegas, NV 89104, this property is part of the Sunrise Manor neighborhood and Las Vegas market.
The Barashy Group