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2987 N Las Vegas Blvd. 2987 N Las Vegas Blvd 50,385 SF 100% Leased Retail Building North Las Vegas, NV 89030 $10,552,600 CAD ($209.44 CAD/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Stabilized Asset with Redevelopment and/or Mark-to-Market Rent Upside
- Strong Traffic, Excellent Visibility and Regional Access
- Dynamic North Las Vegas Submarket Growth
- New Absolute NNN 5-Year Master Lease backed by a proven operator
- Versatile Redevelopment Potential
- Flexible Seller Financing Available
EXECUTIVE SUMMARY
PRICE RECENTLY REDUCED! SELLER IS MOTIVATED! SELLER FINANCING AVAILABLE!
Colliers is pleased to exclusively offer for sale 2987 Las Vegas Boulevard North, a ±50,358 square foot flex industrial/retail asset situated on a ±3.8 acre site boasting 430 linear feet of frontage on Las Vegas Boulevard. Previously home to Supermercado del Pueblo, the property benefits from a new 5-year master lease backed by a proven operator and presents investors with a unique value-add opportunity through redevelopment and/or mark-to-market rent upside as the master lease expires. With its flexible zoning, prominent Las Vegas Blvd frontage and convenient access to major highways, the asset is well-positioned to serve a variety of commercial uses.
Colliers is pleased to exclusively offer for sale 2987 Las Vegas Boulevard North, a ±50,358 square foot flex industrial/retail asset situated on a ±3.8 acre site boasting 430 linear feet of frontage on Las Vegas Boulevard. Previously home to Supermercado del Pueblo, the property benefits from a new 5-year master lease backed by a proven operator and presents investors with a unique value-add opportunity through redevelopment and/or mark-to-market rent upside as the master lease expires. With its flexible zoning, prominent Las Vegas Blvd frontage and convenient access to major highways, the asset is well-positioned to serve a variety of commercial uses.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
50,385 SF
Building Class
C
Year Built
1950
Price
$10,552,600 CAD
Price Per SF
$209.44 CAD
Cap Rate
7.75%
NOI
$818,104 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
3.80 AC
Zoning
C-2 - General Commercial
Parking
189 Spaces (3.67 Spaces per 1,000 SF Leased)
Frontage
431’ on N Las Vegas
AMENITIES
- Bus Line
- Pylon Sign
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 139-13-506-005 | Improvements Assessment | $660,903 CAD |
| Land Assessment | $600,299 CAD | Total Assessment | $1,261,202 CAD |
PROPERTY TAXES
Parcel Number
139-13-506-005
Land Assessment
$600,299 CAD
Improvements Assessment
$660,903 CAD
Total Assessment
$1,261,202 CAD
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2987 N Las Vegas Blvd. | 2987 N Las Vegas Blvd
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