Shift4 Corporate Headquarters
1551 Hillshire Dr Las Vegas , NV 89134-6321

Shift4 Corporate Headquarters - office for sale

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Overview



New corporate headquarters for secure payment processing company Shift4, for sale in Las Vegas. This single tenant building underwent a complete overhaul and renovation in 2018 for Shift4, creating a brand-new building infrastructure for the tenant and new ownership. Property is a mission-critical office facility, accommodating tenant growth and area consolidation. Situated in an industrial office area, close to residential.

Investment highlights




  • Corporate lease with 10 years of firm lease term remaining with no termination options
  • NNN lease structure; landlord recoups operating expenses
  • Annual rent increases of 3% with three 5-year renewal options at fair rental value
  • Shift4 received an over $4 million tenant allowance, and recent capital improvements totaled nearly $1.2 million
General
Property type Office
Property subtype Business park
Tenure type Sale/Purchase
Property address 1551 Hillshire Dr, Las Vegas, NV 89134-6321
Market Las Vegas
Land in acres 4.55
Building size 66,780  ft2
Year built 1993
Financial
Price Confidential
Cap rate Confidential
Current NOI $1,160,269.00
Lease
Tenant's name Shift4 Corp
Credit rating (S&P) B
Credit rating (Moody's) B2
Lease type NN
Annual rent $1,160,269.00
Lease expiration date 12/31/2028
Remaining term 9.2Yrs

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