Tropicana/Nellis Retail Plaza
Retail
5020 & 5030 East Tropicana Avenue, Las Vegas, Nevada 89122
$3,750,000
Listing Price
7.38%
Cap Rate
$176.76
Price/Gross SF
Property Details
Property Video
Offering Price:
Gross Leasable Area:
# of Suites:
Lot Size:
Year Built:
$3,750,000
21,215 sqft
17
1.64 Acres
1988
Highlights
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Bread & butter retail strip center within a strong retail corridor on the major East Las Vegas intersection of Tropicana Avenue at Nellis Boulevard, surrounded by a variety of national chain retailers and a density of apartment dwellings
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Strong Historical Occupancy
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Excellent opportunity for an investor to capitalize upon existing tenant base and grow rents with existing tenants who are currently enjoying below market rates.
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High Traffic Counts
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New Developments In Surrounding Area
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Recent Upgrades
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Low rental rates combined with low building expenses enables tenants to achieve maximum health and profitablity.
