Tropicana/Nellis Retail Plaza

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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

  • 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

  • Strong Historical Occupancy

  • Excellent opportunity for an investor to capitalize upon existing tenant base and grow rents with existing tenants who are currently enjoying below market rates.

  • High Traffic Counts

  • New Developments In Surrounding Area

  • Recent Upgrades

  • Low rental rates combined with low building expenses enables tenants to achieve maximum health and profitablity.