2208-2350 N Nellis Blvd - Storefront FOR SALE


Las Vegas, NV 89104
$39,683,303 USD
702-733-3622
2208-2350 N Nellis Blvd, Las Vegas, NV for Sale
$39,683,303 USD
Storefront - FOR SALE
1/10
null | 6.18% Cap Rate

2208-2350 N Nellis Blvd
Las Vegas, NV 89104


HIGHLIGHTS

  • 100% Leased - Long term Leases in place with options
  • Attractive rental increases
  • Main retail corridor for East Las Vegas
  • Perfect 1031 Exchange - rare opportunity to acquire a quality multi-tenant net leased property
  • National credit tenants
  • Irreplaceable street visibility on Nellis Blvd./Sahara Ave.

OVERVIEW

Winterwood Pavilion is a 100% leased 140,260 square foot neighborhood shopping center, with four buildings on 15.55 acres. This shopping center sits about a mile from the US-95 Freeway at the northeast corner of E. Sahara Ave. and S. Nellis Blvd., which is one of the busiest signalized intersections in Las Vegas: an average of 69,300 cars per day. Winterwood Pavilion serves a densely populated area of more than 30,000 residents within one mile, and 200,000 residents within three miles. Shoppers love the ease of parking in a huge parking field of almost 1,000 parking stalls (more than 2.5X more than required). Three enter/exit driveways on each side of the property (Nellis and Sahara) make for ample ingress and egress. The Center received a multi-million dollar renovation in 2010, has been maintained in great condition since, and a new two tenant building was constructed in 2023. Four strong credit junior-anchors, Dollar General Market (NYSE:DG), DD's Discounts (NYSE: ROST), Planet Fitness and Harbor Freight Tools all have exercised extension options after their initial terms. Other national and regional tenants include Carl's Jr., Cricket Wireless, Dollar Loan Center, FedEx Office, Firehouse Subs, Great Clips, Jackson Hewitt, Little Caesars, Panda Express, PT's Pub and UPS Store. This Net Leased investment is perfect for an investor searching for a large low risk stable income property. FOR A FULL RENT ROLL, PLEASE INQUIRE TO RECEIVE AN NDA.

FOR SALE DETAILS

PRICE

$39,683,303 USD

PRICE/SF

$283 USD /SF

CAP RATE

6.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Winterwood Pavilion

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

981

LAND DETAILS

LAND ACRES

15.55 AC

LAND SF

677,358 SF

ZONING

CG (Commercial General)

APN/PARCEL ID

161-04-414-002

ASK ABOUT THIS PROPERTY

J DapperDapper CompaniesMore Info
702-733-3622

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J DapperDapper CompaniesMore Info
702-733-3622

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.