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4352 W Cactus Ave
Las Vegas, NV 89141
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Investment Opportunity: 100% occupied retail shopping center featuring three established tenants, providing immediate cash flow.
- Cactus Pet Hospital: A full-service veterinary clinic providing medical, diagnostic, preventative, and surgical services, serving the growing SW
- Ongoing Residential Growth: Multiple homebuilders actively developing residential communities in the area, driving long-term demand and tenant sales
- FirstCash,(TNT) Corporate guaranty from Cash America West, Inc, a leading international operator of retail pawn stores and consumer financial Service
- HOTWORX A rapidly expanding boutique fitness concept specializing in infrared sauna workouts, benefiting from strong brand recognition and membership
- Cactus Avenue with traffic counts exceeding 31,500 vehicles per day, and conveniently located near Interstate 15, which carries over 150,000 vehicles
EXECUTIVE SUMMARY
This offering represents a stabilized investment opportunity featuring a 100% occupied retail shopping center located in the highly desirable Southwest Submarket of the Las Vegas. Constructed in 2022-2023, the property is leased to three established tenants under NNN lease structures. The tenant includes FirstCash, Inc.(TNT) backed by a corporate guaranty from Cash America West, Inc., a leading international operator of retail pawn and consumer financial services; HOTWORX, a rapidly expanding 24/7 infrared fitness concept with a strong membership-based revenue model; and Cactus Pet Hospital, a full-service veterinary clinic serving the growing Southwest Las Vegas residential base. Together, these tenants provide immediate, stable cash flow.
The property benefits from an exceptional location along Cactus Avenue, with traffic counts exceeding 31,500 vehicles per day and convenient access to Interstate 15, which carries over 150,000 vehicles per day, ensuring excellent accessibility. The surrounding area features strong demographics, with 12,500 residents within a 1-mile radius and an average household income of $106,000. Positioned near Southern Highlands, a premier master-planned community with over 9,500 homes, and surrounded by ongoing residential development.
The property benefits from an exceptional location along Cactus Avenue, with traffic counts exceeding 31,500 vehicles per day and convenient access to Interstate 15, which carries over 150,000 vehicles per day, ensuring excellent accessibility. The surrounding area features strong demographics, with 12,500 residents within a 1-mile radius and an average household income of $106,000. Positioned near Southern Highlands, a premier master-planned community with over 9,500 homes, and surrounded by ongoing residential development.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,066 SF
Building Class
C
Year Built
2023
Price
$7,876,418 CAD
Price Per SF
$976.50 CAD
Cap Rate
6.02%
NOI
$474,160 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.67 AC
Zoning
C-2 - C-2 COMMERCIAL ZONING
Frontage
175’ on W Cactus Ave
AMENITIES
- 24 Hour Access
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,007,737 CAD | |
| Land Assessment | $802,390 CAD | Total Assessment | $1,810,127 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$802,390 CAD
Improvements Assessment
$1,007,737 CAD
Total Assessment
$1,810,127 CAD
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