Ross Dress For Less | 40+yr Occupancy 2420 E Desert Inn Rd 31,085 SF Retail Building Las Vegas, NV 89121 $9,701,296 CAD ($312.09 CAD/SF)

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NN leased, Ross Dress for Less investment property located in Las Vegas, Nevada.

2420 E Desert Inn Road is a freestanding, 31,086-square-foot commercial retail building situated on 2.56 acres within the high-performing Francisco Center, which sees over 3 million visitors per year. 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 and steadily growing NOI, 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 building's cooling capacity was replaced in 2025, further demonstrating Ross’ investment in this location.

This is an exclusive opportunity within a dense retail corridor with high barriers to new construction, where vacant development land is rare. E Desert Inn Road is a major commercial thoroughfare that connects to Las Vegas Boulevard, Interstate 11, and the Las Vegas Convention Center. The property also offers easy access to professional employment centers, such as Sunrise Hospital and Downtown Las Vegas. Proximity to tourism destinations, employment hubs, and arteries reaching Greater Las Vegas makes it attractive to consumers from all aspects of the metro’s economy. Pylon signage at a signalized, hard corner intersection then maximizes exposure to these potential consumers with traffic counts exceeding 46,000 vehicles per day, on top of the immense foot traffic along the corridor.