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Ross Dress For Less | 40+yr Occupancy 2420 E Desert Inn Rd 31,085 SF Retail Building Las Vegas, NV 89121 $9,411,496 CAD ($302.77 CAD/SF) 6% Cap Rate
Investment Highlights
- Long Operating History (40+ Years) | Options To Extend | Scheduled Rental Increases | Strong Sales Figures
- Highly Trafficked Center | Las Vegas Convention Center |Dense Retail Corridor
- Signalized, Hard Corner Intersection | Pylon Signage |Excellent Visibility & Access
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Rare Las Vegas Retail Opportunity | Las Vegas Tourism |High Barriers To Entry
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Ross Dress for Less investment property located in Las Vegas, Nevada. The tenant, Ross, has operated at this location for over 40 years and has 3 years of remaining term with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. Ross performs well at this location with a healthy rent-to-sales ratio of about 4.3%. Additionally, the building’s roof was replaced in August 2024 (membrane has a 20-year manufactured warranty) and approximately 64% of the buildings cooling capacity was replaced in 2025, further demonstrating Ross’ investment in this location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
31,085 SF
Building Class
B
Year Built/Renovated
1970/2005
Price
$9,411,496 CAD
Price Per SF
$302.77 CAD
Cap Rate
6%
NOI
$564,727 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.28
Lot Size
2.56 AC
Zoning
C2 - Commercial General
Parking
125 Spaces (4.02 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Ross Dress for Less began in 1982 when a group transformed six San Bruno department stores into discount outlets. The chain quickly grew by selling branded overstock at low prices. Today Ross operates nationwide with a no-frills approach - focusing on bargains rather than store decor. Shoppers visit for deals on clothing, shoes, accessories, and home goods. The company emphasizes community support through youth education programs and local hiring initiatives. Ross maintains a strong market presence by offering name-brand products at reduced prices in a fast-paced retail environment.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 162-12-401-007 | Improvements Assessment | $530,750 CAD |
| Land Assessment | $519,012 CAD | Total Assessment | $1,049,762 CAD |
Property Taxes
Parcel Number
162-12-401-007
Land Assessment
$519,012 CAD
Improvements Assessment
$530,750 CAD
Total Assessment
$1,049,762 CAD
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Ross Dress For Less | 40+yr Occupancy | 2420 E Desert Inn Rd
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