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Lake Mead Square 1820 E Lake Mead Blvd 28,129 SF 100% Leased Retail Building North Las Vegas, NV 89030 $13,474,560 CAD ($479.03 CAD/SF) 6.76% Cap Rate
Investment Highlights
- $100,000+ invested in updated heating and cooling systems (11 HVAC Units)
- Replacement of sewer line around the building (2024- $78,000 +/-)
- The roof was resealed in 2020
- Replacement of parking lot asphalt (2025 - $67,000 +/-)
Executive Summary
The Cambridge Group as exclusive advisors are pleased to present the
opportunity to acquire The Square (the property), a +/- 28,129 square foot
neighborhood retail project in North Las Vegas, Nevada. The offering consists of 2
buildings with 3 different Ingress/Egress’. The shopping center is located on the
corner of Lake Mead Blvd. and McDaniel St., just off of the I-15 and Lake Mead
Blvd. giving patrons easy access off the highway. Currently 100% leased, built in
1979. The shopping center provides an investor a stable asset with successful
long-term occupancy. Furthermore, The Square supports a very diverse tenant
structure including a variety of retail and professional services including national
brands like Pearl Vision and Cricket Wireless. The property also has one large
pylon sign that is showcased to the intersection of Lake Mead and McDaniel
which generates over 34,000 vehicles per day.
opportunity to acquire The Square (the property), a +/- 28,129 square foot
neighborhood retail project in North Las Vegas, Nevada. The offering consists of 2
buildings with 3 different Ingress/Egress’. The shopping center is located on the
corner of Lake Mead Blvd. and McDaniel St., just off of the I-15 and Lake Mead
Blvd. giving patrons easy access off the highway. Currently 100% leased, built in
1979. The shopping center provides an investor a stable asset with successful
long-term occupancy. Furthermore, The Square supports a very diverse tenant
structure including a variety of retail and professional services including national
brands like Pearl Vision and Cricket Wireless. The property also has one large
pylon sign that is showcased to the intersection of Lake Mead and McDaniel
which generates over 34,000 vehicles per day.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
28,129 SF
Building Class
C
Year Built/Renovated
1979/2017
Price
$13,474,560 CAD
Price Per SF
$479.03 CAD
Cap Rate
6.76%
NOI
$911,204 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
1.91 AC
Opportunity Zone
Yes
Zoning
North Las Vegas - Redevelopment Area / Downtown Core (R-A DC)
Parking
103 Spaces (4.17 Spaces per 1,000 SF Leased)
Frontage
315’ on Mcdaniel St
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 139-23-601-009 | Improvements Assessment | $599,153 CAD |
| Land Assessment | $410,831 CAD | Total Assessment | $1,009,983 CAD |
Property Taxes
Parcel Number
139-23-601-009
Land Assessment
$410,831 CAD
Improvements Assessment
$599,153 CAD
Total Assessment
$1,009,983 CAD
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Lake Mead Square | 1820 E Lake Mead Blvd
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