Shift4 Corporate Headquarters

1551 Hillshire Dr Las Vegas , NV 89134-6321

Shift4 Corporate Headquarters - Office for sale

Download Offering Memorandum

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
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 9.4Yrs

Other properties you may be interested in

  • 10490 Shelbyville Road - CVS
    10490 Shelbyville Road - CVS
    10490 Shelbyville RdLouisville, KY 40223-3120
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     4,510,000
    Space Available:     9,750 ft2
  • 1165 N. Clark Retail Vertical Subdivison
    1165 N. Clark Retail Vertical Subdivison
    1165 N Clark StChicago, IL 60610-2702
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     Confidential
    Space Available:     18,100 ft2
  • 1702 Avenue U - Brooklyn, NY
    1702 Avenue U - Brooklyn, NY
    1702 Avenue UBrooklyn, NY 11229-3812
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     Confidential
    Space Available:     6,400 ft2
  • 24 Hour Fitness - Dallas, TX
    24 Hour Fitness - Dallas, TX
    2300 Fort Worth AVEDallas, TX 75211
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     13,616,000
    Space Available:     37,000 ft2
  • 2830 Mannheim Road
    2830 Mannheim Road
    2830 Mannheim RdFranklin Park, IL 60131-2222
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     2,445,000
    Space Available:     4,275 ft2
  • 7-Eleven - Bradley Beach, NJ
    7-Eleven - Bradley Beach, NJ
    415 Main StBradley Beach, NJ 07720-1007
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     1,645,000
    Space Available:     2,385 ft2