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Investment Highlights
- Three-building retail portfolio on 5.04± acres generating $1.47M NOI with a 5.9% cap rate in a high-traffic Las Vegas retail corridor.
- Prime signalized intersection location with exposure to 46,000+ vehicles daily, pylon signage, ample parking, and easy access to I-11 and US-95.
- Strong tenant mix anchored by Target and Kohl's, and featuring Dollar Tree, Archwell Health, and Bourbon Street Sports Bar.
- Surrounded by $12.5B+ in annual consumer spending within 10 miles and near Sam's Town, Sunrise Golf Course, national retailers, and dining.
Executive Summary
Positioned within the established Nellis Crossing Shopping Center, this exceptional three-building portfolio offers investors the opportunity to acquire approximately 57,100 square feet of income-producing retail real estate across 5.04 acres. The portfolio includes 1208-1284 South Nellis (52,100 square feet), 1250 South Nellis (6,684 square feet), and 1292 S Nellis Boulevard (5,000 square feet), all zoned C-2 General Commercial. Currently generating an Annual NOI of $1,467,960, including $16,800 in sign income, the property is offered at a 5.9% cap rate, with rents and CAM reimbursements covering operating expenses. The diverse tenant roster includes nationally recognized and established users such as Dollar Tree, Archwell Health, Bourbon Street Sports Bar, and numerous additional tenants, providing a stable income stream in one of Las Vegas' most active retail corridors.
As part of a larger 230,799-square-foot, seven-building regional shopping center anchored by Target and Kohl's, Nellis Crossing benefits from strong consumer traffic, tenant synergy, and a highly established trade area. The center enjoys a strategic location at a signalized intersection with exposure to more than 46,000 vehicles per day, offering exceptional visibility and branding opportunities through pylon signage. Convenient access to Interstate 11 and Route 95 enhances regional connectivity and customer accessibility, while nearby bus line service further expands the property's reach.
Surrounded by a dense population base responsible for over $12.5 billion in annual consumer spending within a 10-mile radius, the asset is ideally positioned to capitalize on Las Vegas' continued population growth and retail demand. Nearby destinations such as The Club at Sunrise Golf Course, Sam's Town Hotel and Gambling Hall, numerous national retailers, restaurants, entertainment venues, and lifestyle amenities further strengthen the property's long-term investment appeal. With ample parking, strong visibility, established tenancy, and a proven income history, this multi-tenant retail portfolio represents a compelling opportunity for investors seeking stable cash flow, passive income, and long-term appreciation in the dynamic Las Vegas commercial real estate market.
As part of a larger 230,799-square-foot, seven-building regional shopping center anchored by Target and Kohl's, Nellis Crossing benefits from strong consumer traffic, tenant synergy, and a highly established trade area. The center enjoys a strategic location at a signalized intersection with exposure to more than 46,000 vehicles per day, offering exceptional visibility and branding opportunities through pylon signage. Convenient access to Interstate 11 and Route 95 enhances regional connectivity and customer accessibility, while nearby bus line service further expands the property's reach.
Surrounded by a dense population base responsible for over $12.5 billion in annual consumer spending within a 10-mile radius, the asset is ideally positioned to capitalize on Las Vegas' continued population growth and retail demand. Nearby destinations such as The Club at Sunrise Golf Course, Sam's Town Hotel and Gambling Hall, numerous national retailers, restaurants, entertainment venues, and lifestyle amenities further strengthen the property's long-term investment appeal. With ample parking, strong visibility, established tenancy, and a proven income history, this multi-tenant retail portfolio represents a compelling opportunity for investors seeking stable cash flow, passive income, and long-term appreciation in the dynamic Las Vegas commercial real estate market.
Property Facts
| Price | $35,026,500 CAD | Number of Properties | 3 |
| Price / SF | $613.42 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 5.87% | Total Building Size | 57,100 SF |
| Sale Type | Investment | Total Land Area | 10.08 AC |
| Status | Active |
| Price | $35,026,500 CAD |
| Price / SF | $613.42 CAD / SF |
| Cap Rate | 5.87% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 57,100 SF |
| Total Land Area | 10.08 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1208-1284 S Nellis Blvd, Las Vegas, NV 89104 | Retail | 45,416 SF | 1987 | - |
| 1250 S Nellis Blvd, Las Vegas, NV 89104 | Retail | 6,684 SF | 1987 | - |
| 1292 S Nellis Blvd, Las Vegas, NV 89104 | Retail | 5,000 SF | 1987 | - |
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