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2520 S Maryland Pky
Las Vegas, NV 89109
Retail Property For Sale
Executive Summary
GREAT TRIPLE NET INVESTMENT OPPORTUNITY-RETAIL STRIP CENTER-100% OCCUPIED WITH GREAT LEASES IN PLACE WITH STRONG, LONG-TERM TENANTS-GREAT LOCATION IN THE HEART OF THE CITY AT THE SIGNALIZED S.W. CORNER OF SAHARA AND MARYLAND PARKWAY, TWO HIGH TRAFFIC AND WELL RECOGNIZED STREET NAMES IN LAS VEGAS. LOCATED BETWEEN U.N.L.V AND DOWNTOWN LAS VEGAS. NEWER ROOF-BUILDING IS IN GREAT CONDITION-ANCHORED BY SMITHS FOOD MARKET AND SURROUNDED BY A DIVERSE MIX OF NATIONAL AND LOCAL RETAILERS. INCORPORATED INTO THE SMITHS SHOPPING CENTER BUT ON A SEPARATE .75 AC. PARCEL.TRAFFIC COUNT EXCEEDS 115,000 CARS PER DAY AT THIS INTERSECTION. CONSUMER TRAFFIC IS CHANNELED BY THE MEDICAL DISTRICT ON MARYLAND PARKWAY, THE STRIP DIRECTLY TO THE WEST VIA SAHARA BLVD. AND U.N.L.V. DIRECTLY TO THE SOUTH, ON MARYLAND PARKWAY. THIS LOCATION OFFERS A HIGH-DENSITY POPULATION OF ALMOST 200,000 WITHIN A 3 MILE RADIUS, ENSURING A SUBSTANTIAL CONSUMER SPENDING BASE.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
7,035 SF
Building Class
B
Year Built
1987
Price
$3,825,387 CAD
Price Per SF
$543.77 CAD
Cap Rate
6.03%
NOI
$230,501 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.76 AC
Opportunity Zone
Yes
Parking
20 Spaces (2.84 Spaces per 1,000 SF Leased)
Frontage
235’ on East Sahara Avenue
Amenities
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 162-11-110-003 | Improvements Assessment | $301,320 CAD |
| Land Assessment | $178,206 CAD | Total Assessment | $479,526 CAD |
Property Taxes
Parcel Number
162-11-110-003
Land Assessment
$178,206 CAD
Improvements Assessment
$301,320 CAD
Total Assessment
$479,526 CAD
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