Logic Commercial Real Estate is pleased to present the income-generating, value-add opportunity of the multi-tenant retail strip at 4950-4960 W Charleston Boulevard in Las Vegas, NV. Fully occupied by local tenants and anchored by the national tenant, 7-Eleven, the retail tenants are all on Modified Gross lease structures with below-market rents, enabling upside to raise rents to market rates.
This four-tenant strip is located just West of the Charleston and Decatur intersection, which sees more than 71,000 combined daily vehicles passing, an immense built-in exposure benefit. The property is in close proximity to major landmarks such as Interstate 11 (1 mile), Interstate 15 (2.6 miles), the College of Southern Nevada (1.3 miles), The Strip (3 miles), the Las Vegas Convention Center (3 miles), and Harry Reid International Airport (5.6 miles).
7-Eleven has occupied the property since 1963 and exercised its last remaining option in 2021 to remain on-site through Q1 2026. This transition will present a stabilized timeframe for executing pre-leasing strategies to fill the anchor tenant's space, most likely with another national tenant.
4950-4960 W Charleston Boulevard is presented unencumbered and debt-free to the market. Inquire today for further details. This sale is prime for a 1031 exchange or cash purchasers in the tax-free state.