5020 E Tropicana Ave - Storefront FOR SALE


Las Vegas, NV 89122- Whitney
$3,900,000 USD
702-287-1092
5020 E Tropicana Ave, Las Vegas, NV for Sale
$3,900,000 USD
Storefront - FOR SALE
1/8
null | 4% Cap Rate

5020 E Tropicana Ave
Las Vegas, NV 89122
Whitney


HIGHLIGHTS

  • Heavy auto traffic
  • Corner Lot
  • On major bus route

OVERVIEW

14 units out 17 have been leased out. New foam roof installed in 2022. This center gets a huge amount of traffic along a heavily traveled corridor in eastern Las Vegas. It features ample parking, multiple entrance points along Tropicana Avenue and Nellis Boulevard, and pylon signage that is visible to 27,260 average daily vehicles along Tropicana Avenue. Situated midway between I-515 and Boulder Highway, Tropicana Gardens is easily accessible to consumers. Immediately surrounding the center, 27,756 people live within a one-mile radius. However, given the convenience to major area thoroughfares, tenants can easily reach the 162,436 people living within a three-mile radius. This robust potential consumer base within a three-mile radius boasts an average household income of $70,304 and contributed to a consumer spending total of $1.7 billion. The center benefits from its position along the established Tropicana Avenue commercial corridor, which is home to numerous national retailers, including O’Reilly Auto Parts, Family Dollar, T-Mobile, Auto Zone, Sonic Drive-In, and Burger King, as well as supermarkets, banks, fitness facilities, and daily conveniences amenities.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$235 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

103

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

C-2

APN/PARCEL ID

161-21-411-064

ASK ABOUT THIS PROPERTY

Jim EaganLimestone Investments LLCMore Info
702-287-1092

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Jim EaganLimestone Investments LLCMore Info
702-287-1092

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