7540 Oso Blanca Rd - Freestanding FOR SALE


Las Vegas, NV 89149- Centennial Hills
$9,400,000 USD
669-257-6140
7540 Oso Blanca Rd, Las Vegas, NV for Sale
$9,400,000 USD
Freestanding - FOR SALE
1/22
null | Request Cap Rate

7540 Oso Blanca Rd
Las Vegas, NV 89149
Centennial Hills


HIGHLIGHTS

  • Completely occupied NNN retail center with favorable leases and long-term tenants such as SimonMed Imaging, Capriotti’s, and Goodyear Tires.
  • Major retailers in the area include Terrible Herbst Gas Station, Lowe’s Home Improvement, Albertson’s, Sam's Club, Target, EOS Fitness, and Starbucks.
  • Off Osa Blanca Road, at the US-95 and Durango interchange, with visibility to I-11, this well-maintained center has exposure to over 158,760 VPD.
  • Prime multi-tenant retail center in an evolving Las Vegas Valley location, projected to welcome an 8.5% increase in population within a 3-mile radius.

OVERVIEW

Olsa Blanca Pavillion at 7540 Oso Blanca Road is an opportunity to be the proud owner of a fully leased retail strip center in the northwest part of Las Vegas Valley. Most tenants have occupied the center since the property was built in 2017. The remaining leases are 5-year lease terms, with the most extended expiration date in 2032. Notable retailers within the strip include SimonMed Imaging, Piggy Tails, BurgerIm, Capriotti's Sandwich Shop, El Norte Taco Shop, Marco's Pizza, Good Year Tire Shop, and Wonder Nails & Spa. Create synergies with the other established tenants at the outparcels within Olsa Blanca Pavillion, including Pinkbox Doughnuts, PT's Gold, Terrible’s Chevron, and Ohjah Japanese Steakhouse Sushi & Hibachi. Tenants appreciate the plaza's amenities, which include immaculate landscaping, a pylon sign, building signage, and ample parking. With its prominent placement, this striking property has freeway visibility to Interstate 11 and 250 feet of frontage on Olso Blanca. Ideally located immediately adjacent to the on and off-ramps for State Route 95 and Durango interchange, Olsa Blanca Pavillion is easily accessible to those traveling around town for errands. Various shopping, dining, and entertainment amenities surround the center and draw a strong consumer pool. The Northwest area has become a vibrant commercial destination with excellent demographics. Within a five-mile radius, a population of over 207,875 resides, bringing in an average household income of $112,793, contributing to the 2.8 billion in total consumer spending. The Olso Blanca area is rapidly evolving, with multiple residential subdivisions and luxurious retail destinations being developed around the corner. This is a rare opportunity to own a fully leased retail asset in a thriving North Las Vegas Valley suburb.

FOR SALE DETAILS

PRICE

$9,400,000 USD

PRICE/SF

$474 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olsa Blanca Pavillion

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

155

LAND DETAILS

LAND ACRES

2.91 AC

LAND SF

126,760 SF

ZONING

T-C

APN/PARCEL ID

125-17-314-009

ASK ABOUT THIS PROPERTY

Dan GluhaichColliersMore Info
669-257-6140

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Dan GluhaichColliersMore Info
669-257-6140

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