Pep Boys · Las Vegas, NV | InvestmentGrade.com

Pep Boys Modified Multi-tenant

4640 E Lake Mead Blvd · Las Vegas, NV 89115 · Auto Parts / Service

Asking price

$3,550,000

Cap rate

6.36%

NOI

$225,840

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Lease

Lease typeModified

Term remaining—

Expiration—

Rent bumpsNo

Options—

Ground leaseNo

Credit profileNo Credit Rating

TenancyMulti

Planning a 1031 Exchange

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Property

Building SF600

Price / SF$5,917

Year built1955

Lot size3.22 ac

TypeShopping Center, Auto Shop, Dealership

Days on market89

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

4640 E Lake Mead Blvd, a +/- 3.22 AC lot (approx 140,263 square feet of land) parcel situated at 4640 E Lake Mead Blvd in the Northeast submarket of Las Vegas, Nevada, one of the area's fastest-growing corridors.
The property is occupied by seven month-to month tenants paying the following amounts: the auto-sales tenant paying $7,500 per month, outdoor storage tenant paying $3,250 per month, another outdoor storage tenant paying $2,500, another outdoor storage tenant paying $2000 per month, the outdoor storage tenant in back paying $5,175 per month, an automotive tenant paying $1,500 per month, and another automotive tenant paying $1,600 per month (a total of $23,525 per month).
This property would be a great fit for an investor or developer, or a business owner in the automotive field, auto dealership / auto sales, outdoor storage, self storage, or retail. It's favorable topography, existing utility infrastructure, and Commercial zoning designation create an exceptional platform for ground-up development.
4640 E Lake Mead Blvd has endless potential as it is positioned on a corner lot along a major growth corridor with excellent visibility, heavy traffic, direct highway access, and proximity to established residential and commercial development that provides a built-in customer and workforce base, which makes it ideal for business looking to owner-occupy, investors, and developers.

Property overview

4640 E Lake Mead Blvd at 4640 E Lake Mead Blvd, Las Vegas, NV 89115 presents a rare opportunity to acquire a highly versatile commercial asset in one of Las Vegas’ fast-growing northeast corridors. Situated on approximately 3.22 acres (140,263 SF), this property offers strong in-place income today with exceptional upside for investors, developers, or owner-users. Currently occupied by seven month-to-month tenants generating $23,525 per month, the asset is offered at $3,550,000 with a 6.36% cap rate and $225,840 NOI. The site’s commercial zoning, flat topography, regular shape, and access to major utilities create an ideal foundation for future repositioning or redevelopment. With direct frontage on heavily traveled Lake Mead Boulevard, the property benefits from outstanding visibility, easy access, and close proximity to major highway connections, established neighborhoods, and expanding commercial growth. Ideal for automotive uses, auto sales, outdoor storage, self-storage, retail, or mixed-use concepts, this is a flexible, income-producing property with long-term development potential in a rapidly expanding Las Vegas submarket.

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.