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Las Vegas Retail Portfolio 12 Retail Properties Offered at $27,904,000 CAD in Las Vegas, NV
INVESTMENT HIGHLIGHTS
- Three value-add retail opportunities in the Las Vegas area
- Priced below replacement cost with deferred maintenance accounted for
- Properties range from 35 - 70% vacant with below-market rents
EXECUTIVE SUMMARY
LOGIC is pleased to present this portfolio sale of three value-add retail properties in Las Vegas, NV.
Gold's Plaza is a +/- 90,732 SF anchored shopping center located in central Las Vegas southeast of downtown at the signalized intersection of E. Flamingo Rd. and S. Sandhill Rd. This value-add property sits at 35% vacancy including a +/- 11,900 SF junior-anchor opportunity with frontage along Sandhill Rd. The center has high traffic with over 48,000 CPD along Flamingo Rd. positioned between I-15 and I-11. Many tenants in place are at below-market rent with an average $1.19 PSF monthly rental rate across the property. Weighted average lease term remaining is 24 months with an opportunity to re-lease expired and upcoming expirations.
Tonopah Plaza is a +/- 36,407 SF anchored shopping center located in north Las Vegas at the signalized intersection of N. Rancho Dr. and W. Cheyenne Ave. This value-add property sits at 70% vacancy including a +/- 18,670 SF junior-anchor opportunity.
Lone Mountain Plaza is a +/- 61,450 SF anchored shopping center located in north Las Vegas at the signalized intersection of W. Lone Mountain Rd. and N. Decatur Blvd. This value-add property sits at 67% vacancy including a +/- 25,350 SF junior-anchor opportunity.
Gold's Plaza is a +/- 90,732 SF anchored shopping center located in central Las Vegas southeast of downtown at the signalized intersection of E. Flamingo Rd. and S. Sandhill Rd. This value-add property sits at 35% vacancy including a +/- 11,900 SF junior-anchor opportunity with frontage along Sandhill Rd. The center has high traffic with over 48,000 CPD along Flamingo Rd. positioned between I-15 and I-11. Many tenants in place are at below-market rent with an average $1.19 PSF monthly rental rate across the property. Weighted average lease term remaining is 24 months with an opportunity to re-lease expired and upcoming expirations.
Tonopah Plaza is a +/- 36,407 SF anchored shopping center located in north Las Vegas at the signalized intersection of N. Rancho Dr. and W. Cheyenne Ave. This value-add property sits at 70% vacancy including a +/- 18,670 SF junior-anchor opportunity.
Lone Mountain Plaza is a +/- 61,450 SF anchored shopping center located in north Las Vegas at the signalized intersection of W. Lone Mountain Rd. and N. Decatur Blvd. This value-add property sits at 67% vacancy including a +/- 25,350 SF junior-anchor opportunity.
PROPERTY FACTS
| Price | $27,904,000 CAD | Number of Properties | 12 |
| Price / SF | $145.88 CAD / SF | Individually For Sale | 0 |
| Sale Condition | High Vacancy Property | Total Building Size | 191,284 SF |
| Sale Type | Investment NNN | Total Land Area | 39.00 AC |
| Status | Active |
| Price | $27,904,000 CAD |
| Price / SF | $145.88 CAD / SF |
| Sale Condition | High Vacancy Property |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 12 |
| Individually For Sale | 0 |
| Total Building Size | 191,284 SF |
| Total Land Area | 39.00 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Gold's Plaza
3728-3750 E Flamingo Rd, Las Vegas, NV 89121 |
Retail | 56,796 SF | 1978 | - |
| 4858-4920 W Lone Mountain Rd, Las Vegas, NV 89130 | Retail | 46,466 SF | 1993 | - |
| 3752-3782 E Flamingo Rd, Las Vegas, NV 89121 | Retail | 29,381 SF | 1978 | - |
|
Tonopah Plaza
3141 N Rancho Dr, Las Vegas, NV 89130 |
Retail | 19,890 SF | 1983 | - |
| 4810-4844 W Lone Mountain Rd, Las Vegas, NV 89130 | Retail | 15,034 SF | 1993 | - |
|
Tonopah Plaza
3105-3155 N Rancho Dr, Las Vegas, NV 89130 |
Retail | 6,600 SF | 1983 | - |
|
NSB
3780 E Flamingo Rd, Las Vegas, NV 89121 |
Retail | 5,096 SF | 1978 | - |
| 3149 N Rancho Dr, Las Vegas, NV 89130 | Retail | 4,646 SF | 1983 | - |
| 3790 E Flamingo Rd, Las Vegas, NV 89121 | Retail | 3,520 SF | 1978 | - |
|
Wells Fargo Bank
3726 E Flamingo Rd, Las Vegas, NV 89121 |
Retail | 2,490 SF | 1978 | - |
| 3155 N Rancho Ave, Las Vegas, NV 89130 | Retail | 1,000 SF | 1991 | - |
| 3153 N Rancho Dr, Las Vegas, NV 89130 | Retail | 365 SF | 1991 | - |
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Las Vegas Retail Portfolio
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