5055 W Sahara Ave - Storefront FOR SALE


Las Vegas, NV 89146
$7,110,000 USD
702-595-8765
5055 W Sahara Ave, Las Vegas, NV for Sale
$7,110,000 USD
Storefront - FOR SALE
1/4
null | 5.85% Cap Rate

5055 W Sahara Ave
Las Vegas, NV 89146


HIGHLIGHTS

  • NATIONAL HIGH-CREDIT TENANT: Burlington is a well-known national retailer with a BB+ credit rating from S&P.
  • BELOW MARKET RENT: Burlington's current rent is ±23% below market rent.
  • LONG-TERM OCCUPANCY POTENTIAL: Burlington has the option to extend its occupancy for up to ±25 years, including current lease term & renewal options.
  • STRATEGIC LOCATION: The Property is strategically located just off the signalized SW corner of W Sahara Ave & S Decatur Blvd.
  • INCOME TAX FREE STATE: Nevada has no state income tax.

OVERVIEW

The Investment Services Group of LOGIC Commercial Real Estate has been exclusively retained to offer investors the opportunity to acquire a ± 36,495 SF retail anchor junior box 100% occupied by Burlington (NYSE: BURL) in a dense retail corridor in Las Vegas, NV. The Property is strategically located at the signalized southwest corner of W. Sahara Ave. & S. Decatur Blvd. Traffic counts at this intersection are ± 85,038 cars per day. Within the Sahara Decatur Plaza, a ± 125,000 SF community retail center spanning ± 12 AC, the Property is situated on ± 2.57 AC. The Property is nestled in a densely populated area seeing a three mile population of 154,238. Burlington is an off-price department store offering a wide selection of women’s, men’s, and kids’ clothing, along with accessories and home decor. Operating ±1,100 stores across 46 states and Puerto Rico, Burlington is committed to providing customers great deals on quality merchandise. Link to OM: https://logiccre.com/1031_properties/5055-w-sahara-ave/

FOR SALE DETAILS

PRICE

$7,110,000 USD

PRICE/SF

$195 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burlington

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

119

LAND DETAILS

LAND ACRES

2.57 AC

LAND SF

111,949 SF

ZONING

C-G, County

APN/PARCEL ID

163-12-502-005

ASK ABOUT THIS PROPERTY

Cathy JonesLogic Commercial Real EstateMore Info
702-595-8765

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Cathy JonesLogic Commercial Real EstateMore Info
702-595-8765

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