ABC Lock & Glass 1 locations

1639 Prater Way, Sparks NV

https://www.marcusmillichap.com/properties/75483/abc-lock-glass

15 acre(s) of commercial land The tenant, “ABC Lock & Glass”, occupies 100 percent of the square-footage on a Double-Net lease, which has four years remaining on the initial term The site is located near the signalized intersection of Prater Way and Rock Boulevard, exposing this property to over 24,000 cars per day (MPSI Estimate) 1639 Prater Way is located along two of the main thoroughfares which serve Sparks’ retail core Nearby retailers include O’Reilly Auto Parts, Port-of-Subs, Flower Bucket, Meineke Car Care, Dairy Queen, 7-Eleven, and more In addition, the immediate surrounding area boasts dense local populations (115,000+ residents within a three-mile radius) which further support this location The tenant, “ABC Lock & Glass”, has been in business since 1970, and provides the community with essential services They provide both commercial and residential users with locksmithing solutions, as well as glass installation and repair of all kinds They currently operate at this location on a Double-Net lease at below market rents - $076/SF This provides a buyer with the opportunity to increase rents once the lease expires Offered at $650,000, or $14051 per square foot, this property is priced well below replacement cost and offers a 602% Cap Rate Furthermore, this asset can be delivered free and clear of existing debt, providing investors the opportunity to lock in financing at today’s historically low interest rates and achieve attractive leveraged returns

Actively expanding in Nevada



Expansion Plans

Preferred Property Types are
Desired size is 500 to 4626 sq ft
Minimum income is $0
Minimum population is 0
Demographic Range is 0 Miles
Traffic Count is 0



Company Representatives


Mixson Staffel (Associate)

W: (713) 452-42
scott.staffel@marcusmillichap.com
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