212 Elks Point Rd - Storefront FOR SALE
Zephyr Cove, NV 89448 |
$35,400,000 USD
775-850-3144
212 Elks Point Rd
Zephyr Cove, NV 89448
HIGHLIGHTS
- Excellent historical occupancy with an average occupancy of over 95% over the last 10 years.
- Strong Anchor Tenants. Safeway is the largest tenant in the center at 39,398 square feet or 33.9% of total square footage.
- High Tourist Trade Area. Located at the corner of Elks Point Road and Hwy 50. (23,000 AADT).
- National and Regional Tenant Mix. High percentage of national and regional credit tenants.
OVERVIEW
DCG is pleased to present an opportunity to acquire a unique commercial development in the #1 ranked travel destination in the United States. The development is adjacent to two popular beaches and less than two miles from the lake’s largest concentration of hotels at Stateline—the closest retail along the Southeast side of the lake to Zephyr Cove.
FOR SALE DETAILS
PRICE
$35,400,000 USD
PRICE/SF
$305 USD /SF
CAP RATE
6.61%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Round Hill Square Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
494
LAND DETAILS
CROSS STREETS
Hwy. 50 at Elks Pt. Rd.
LAND ACRES
10.2 AC
LAND SF
444,312 SF
ZONING
GC
APN/PARCEL ID
1318-15-802-010
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775-850-3144
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775-850-3144
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