100% Leased Las Vegas Retail Investment 2400 N Buffalo Dr 14,296 SF 100% Leased Retail Building Las Vegas, NV 89128 $9,320,604 CAD ($651.97 CAD/SF) 6.54% Cap Rate

2400 North Buffalo Drive is a 100% leased, six-tenant NNN neighborhood retail investment totaling 14,282 square feet on approximately 2.04 acres in Las Vegas, Nevada. The property is distinguished by durable in-place cash flow and a documented history of tenant retention. Every tenant that was in place when current ownership acquired the property in 2017 remains in operation, and every operating tenant has exercised one or more lease extensions. All but one of the current tenants predates current ownership, while three tenants representing more than two-thirds of the property’s gross leasable area had already occupied the center for at least five years before the acquisition. Sierra Gold, the center’s established anchor, occupies approximately 50% of the property and is leased through July 2031 with one additional five-year option.
Located at a signalized hard corner, the property benefits from approximately 40,000 combined vehicles per day, convenient ingress and egress, and 123 parking spaces. The tenant mix is supported by a robust combination of recurring demand generators, including MountainView Hospital and its adjacent medical office campus, the 3,351-unit Desert Shores master-planned community, nearby multifamily housing, schools, regional sports facilities and surrounding employment. Within one mile, the trade area includes approximately 18,389 residents, 13,093 employees and an average household
income of approximately $105,230. Limited immediately competing neighborhood retail inventory further supports future occupancy stability and long-term residual value. The offering provides an opportunity to acquire established neighborhood retail with demonstrated renewal behavior, strong visibility and parking, and a tenant mix closely aligned with the surrounding customer base.