2987 N Las Vegas Blvd - Supermarket FOR SALE


North Las Vegas, NV 89030- Downtown North Las Vegas
$8,126,000 USD
702-449-1180
2987 N Las Vegas Blvd, North Las Vegas, NV for Sale
$8,126,000 USD
Supermarket - FOR SALE
1/8
null | 7.25% Cap Rate

2987 N Las Vegas Blvd
North Las Vegas, NV 89030
Downtown North Las Vegas


HIGHLIGHTS

  • Stabilized Asset with Redevelopment and/or Mark-to-Market Rent Upside
  • New Absolute NNN 5-Year Master Lease backed by a proven operator
  • Strong Traffic, Excellent Visibility and Regional Access
  • Versatile Redevelopment Potential
  • Dynamic North Las Vegas Submarket Growth
  • Flexible Seller Financing Available

OVERVIEW

Colliers is pleased to exclusively offer for sale 2987 Las Vegas Boulevard North, a ±50,358 square foot flex industrial/retail asset situated on a ±3.8 acre site boasting 430 linear feet of frontage on Las Vegas Boulevard. Previously home to Supermercado del Pueblo, the property benefits from a new 5-year master lease backed by a proven operator and presents investors with a unique value-add opportunity through redevelopment and/or mark-to-market rent upside as the master lease expires. With its flexible zoning, prominent Las Vegas Blvd frontage and convenient access to major highways, the asset is well-positioned to serve a variety of commercial uses.

FOR SALE DETAILS

PRICE

$8,126,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2987 N Las Vegas Blvd.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

undefined, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

189

LAND DETAILS

LAND ACRES

3.8 AC

LAND SF

165,528 SF

ZONING

C-2

APN/PARCEL ID

139-13-506-005

ASK ABOUT THIS PROPERTY

Adam MalanColliersMore Info
702-449-1180

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Adam MalanColliersMore Info
702-449-1180

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