4830 W Craig Rd - Storefront FOR SALE


Las Vegas, NV 89130
$4,100,000 USD
702-340-4251
4830 W Craig Rd, Las Vegas, NV for Sale
$4,100,000 USD
Storefront - FOR SALE
1/11
null | 2.32% Cap Rate

4830 W Craig Rd
Las Vegas, NV 89130


HIGHLIGHTS

  • Albertsons grocery-anchored shopping center
  • 2,824 - 9,035 sf end-cap available
  • Located at a high-traffic, signalized intersection with +/- 50,000 CPD
  • Dynamic co-tenancy within the trade area like Albertsons, Archwell Health, Vitalent, Papa Murphy’s, State Farm, and Great Clips
  • Other nearby retailers include Walmart, Lowe’s, Boulevard Home, Dollar Tree, Speedway and more

OVERVIEW

Income-producing owner-user opportunity in the highly sought-after Craig Road corridor, one of the busiest and most coveted locations in Las Vegas. This 11,270 SF building is shadow anchored by a high-volume Albertsons grocery store (NYSE: ACI) and currently has three tenants: Dollar Max, occupying the end-cap 2,824 SF (Suite 150); Energym in Suite 110, occupying 2,235 sf; and Wells Fargo, which has an ATM machine in the parking lot. The former Humana space, measuring 6,211 SF, is the only true vacancy. However, Dollar Max will vacate upon request, making the total potential available square footage 9,035 SF. This presents an excellent opportunity for an owner-user to purchase an amazing property in a prime location and occupy between 6,211 SF and 9,035 SF while collecting rental income from the remaining tenants. The current income with Dollar Max in place is approximately $110,003. An investor could also purchase this property, lease out the available space, and build to a 7% cap rate, making it an attractive investment opportunity in a high-traffic area with strong anchor tenants.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

2.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

C-1, Las Vegas

APN/PARCEL ID

138-01-619-011

ASK ABOUT THIS PROPERTY

Sean MargulisLogic Commercial Real EstateMore Info
702-340-4251

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Sean MargulisLogic Commercial Real EstateMore Info
702-340-4251

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