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Executive Summary

Vail Commercial Group is pleased to exclusively offer for sale a two-tenant retail pad with
drive-thru located within Desert Oaks Plaza, a ±53,324 SF neighborhood retail center
located in North Las Vegas, NV. This freestanding retail pad is 100% leased to RISE Dispensary
(CAD Public Company | $1.46B Market Cap) and RejuveN8 Wellness Chiropractic Center.
The asset is well positioned within the dense and rapidly expanding Craig Road Corridor in
North Las Vegas, Nevada, with over 250 feet of frontage along W. Craig Rd. (±44,500 VPD)
just east of N Decatur Blvd. (±25,600 VPD). The asset benefits from nearby co-tenancy
including national retailers such as Walmart, Home Depot, Smith's, ALDI, Chick-fil-A,
Starbucks, and more. Hylo Park, a large scale mixed-use redevelopment, is currently under
construction 2-miles south of the property and is expected to bring over 925 permanent
jobs and will include a 150-room hotel, 665 housing units and a 100K SF Vegas Golden
Knights youth and recreational hockey facility.
This Desert Oaks Plaza outparcel services a dense and underserved trade consisting of
±424,412 residents with an average household income of $99,607 within a 5-mile radius and
benefits from proximity to Nellis Air Force Base (±12,000 military/civilian personnel) and the
Cannery Hotel & Casino (±800 employees) with a nearby daytime population exceeding
±369,276 residents.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $446,150 $58.55
Other Income - -
Vacancy Loss - -
Effective Gross Income $446,150 $58.55
Taxes - -
Operating Expenses - -
Total Expenses $38,252 $5.02
Net Operating Income $407,898 $53.53

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $446,150
Annual Per SF $58.55
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $446,150
Annual Per SF $58.55
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $38,252
Annual Per SF $5.02
Net Operating Income (CAD)
Annual $407,898
Annual Per SF $53.53

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,619 SF
Building Class
B
Year Built
2008
Price
$5,826,640 CAD
Price Per SF
$764.75 CAD
Cap Rate
7%
NOI
$407,899 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.57 AC
Zoning
C-2 - General Commercial
Parking
20 Spaces (2.63 Spaces per 1,000 SF Leased)
Frontage
307’ on Craig Rd

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Green Thumb Industries
  • -
  • 5,309 SF
  • $43.07
  • Triple Net
  • Jul 2033
  • RejuveN8 Center
  • -
  • 2,310 SF
  • $27.01
  • Triple Net
  • Mar 2031
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Green Thumb Industries - 5,309 SF $43.07 Triple Net Jul 2033
RejuveN8 Center - 2,310 SF $27.01 Triple Net Mar 2031
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

ATA Martial Arts
Green Valley Grocery
Denny's
Black Bear Diner
Smith's
Outback Steakhouse
Rent-A-Center

Property Taxes

Property Taxes

Parcel Number
139-06-615-004
Land Assessment
$208,425 CAD (2026)
Improvements Assessment
$462,403 CAD (2026)
Total Assessment
$670,828 CAD (2026)
  • Listing ID: 41864591

  • Date on Market: 2026-08-24

  • Last Updated:

  • Address: 3930 W Craig Rd, North Las Vegas, NV 89032

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