Regal Plaza Retail FOR SALE


Las Vegas, NV - South Las Vegas
$24,500,000 USD
702-795-7900
, Las Vegas, NV for Sale
$24,500,000 USD
Retail - FOR SALE
1/49
null | 7.51% Cap Rate

Regal Plaza
Las Vegas, NV
South Las Vegas


OVERVIEW

The Cambridge Group Ltd. is pleased to present Regal Plaza, a premier commercial shopping center located at the traffic-rich intersection of Eastern Ave. and Pebble Rd. in Las Vegas, Nevada. Offering a total of 83,943 square feet of leasable space, this multi-building retail complex is currently 99% leased, making it an excellent investment opportunity for investors seeking strong tenant performance in a prime location and upside through leasing vacant space and building on the middle parcels (package comes with entitlements to do so). Regal Plaza is comprised of 7 buildings built between 1999 and 2002, featuring three distinct ingress/egress points, providing optimal access and convenience for shoppers and tenants alike. With over 40,000 vehicles passing daily at the intersection of Eastern Ave. and Pebble Rd., the property benefits from a steady flow of traffic, positioning it as a key retail destination in the area. Strategically located just off of the 215 in Las Vegas, Regal Plaza is surrounded by a diverse mix of residential, retail, and commercial developments, ensuring a consistent stream of potential customers. This center offers a well-balanced tenant mix, which enhances its appeal to both local residents and visitors. The property is also well-served by major roads, making it easily accessible from various parts of the city. Regal Plaza represents a unique opportunity to acquire a high-performing asset in one of Las Vegas’ most sought-after retail corridors. Value Add: Package includes entitlements for future development on APN 17713423035 and 17713423042 (middle of the parking lot)

ASK ABOUT THIS PROPERTY

Jordan HanleyCambridge Group Ltd.More Info
702-795-7900

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Jordan HanleyCambridge Group Ltd.More Info
702-795-7900

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