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7315 W Warm Springs Rd 13,729 SF 100% Leased Retail Building Las Vegas, NV 89113 $7,692,832 CAD ($560.33 CAD/SF) 6.70% Cap Rate
Investment Highlights
- Exceptional Submarket Growth and Development
- Extraordinary Tenant Mix
- Impressive Demographics and Vehicle Counts
- 100% Occupied
Executive Summary
LOGIC Commercial Real Estate presents an exceptional investment opportunity in one of Las Vegas’s most dynamic, high-growth submarkets. The well-positioned, multi-tenant retail center, LOCAL @ Warm Springs, is stabilized, with an impressive tenant mix, and commands a highly visible corner on Tenaya Way and Warm Springs Road.
LOCAL @ Warm Springs benefits from substantial daily traffic, with Warm Springs Road generating nearly 14,500 VPD and S. Tenaya Way producing just over 5,600 VPD. The retail property is close to drivers such as Arroyo Shopping Center (power center), Durango Casino and Resort, UnCommons, Narrative, and Dignity Health – St Rose Dominican Hospital.
The area has experienced significant commercial developments with the recent opening of a Costco Wholesale at Buffalo Drive just north of CC-215. The retailer is in close proximity to our offering and is a tremendous driver for surrounding retail centers. Further, LOCAL @ Warm Springs benefits from a population of over 370,000 and an average household income of over $120,000 within a 5-mile radius.
LOCAL @ Warm Springs benefits from substantial daily traffic, with Warm Springs Road generating nearly 14,500 VPD and S. Tenaya Way producing just over 5,600 VPD. The retail property is close to drivers such as Arroyo Shopping Center (power center), Durango Casino and Resort, UnCommons, Narrative, and Dignity Health – St Rose Dominican Hospital.
The area has experienced significant commercial developments with the recent opening of a Costco Wholesale at Buffalo Drive just north of CC-215. The retailer is in close proximity to our offering and is a tremendous driver for surrounding retail centers. Further, LOCAL @ Warm Springs benefits from a population of over 370,000 and an average household income of over $120,000 within a 5-mile radius.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,729 SF
Building Class
B
Year Built
2009
Price
$7,692,832 CAD
Price Per SF
$560.33 CAD
Cap Rate
6.70%
NOI
$515,420 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.60 AC
Zoning
C-2
Parking
50 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Moderately drivable
70/100
Minimal public transit
10/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 176-10-512-003 | Improvements Assessment | $853,994 CAD |
| Land Assessment | $1,051,403 CAD | Total Assessment | $1,905,397 CAD |
Property Taxes
Parcel Number
176-10-512-003
Land Assessment
$1,051,403 CAD
Improvements Assessment
$853,994 CAD
Total Assessment
$1,905,397 CAD
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7315 W Warm Springs Rd
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