Listing banner image
  • Asking Price
    $7,600,000Asking Price
  • Cap Rate
    7.75%Cap Rate
  • NOI
    $589,200NOI
  • Size
    50,358 SFSize
  • Lot Size
    3.80 acresLot Size
  • APN
    139-13-506-005APN

Description

Colliers is pleased to exclusively offer for sale 2987 Las Vegas Boulevard North, a ±50,358 square foot flex industrial/retail asset situated on a ±3.8 acre site boasting 430 linear feet of frontage on Las Vegas Boulevard. Previously home to Supermercado del Pueblo, the property benefits from a new 5-year master lease backed by a proven operator and presents investors with a unique value-add opportunity through redevelopment and/or mark-to-market rent upside as the master lease expires. With its flexible zoning, prominent Las Vegas Blvd frontage and convenient access to major highways,...

Documents

Offering Summary

  • Asking Price
    $7,600,000
  • Price PSF
    $151
  • Property Type
    Retail
  • Size
    50,358 SF
  • Available
    50,358 SF
  • Occupancy
    100%
  • Built
    1950
  • Total Acres
    ~3.80 ac

Sale Details

  • Cap Rate
    7.75%
  • NOI
    $589,200
  • In-Place Cap Rate
    7.75%
  • In-Place NOI
    $589,200

Documents

Property Address

2987 Las Vegas Boulevard
North Las Vegas, NV 89030

Property Details

  • Square Feet
    50,358 SF
  • Available Space (SF)
    50,358 SF
  • Property Type
    Retail
  • Gross Leasable Area
    50,358 SF
  • Available GLA
    50,358 SF
  • Occupancy
    100%
  • Year Built
    1950
  • Acres
    3.80
  • Zoning
    General Commercial (C-2)
  • APN
    139-13-506-005

Property Details

  • Square Feet
    50,358 SF
  • Available Space (SF)
    50,358 SF
  • Property Type
    Retail
  • Gross Leasable Area
    50,358 SF
  • Available GLA
    50,358 SF
  • Occupancy
    100%
  • Year Built
    1950
  • Acres
    3.80
  • Zoning
    General Commercial (C-2)
  • APN
    139-13-506-005

Deal Team

Adam Malan profile image
Adam Malan
Vice Chair Vice Chair
NV RE Lic. 0063542
Deana Marcello profile image
Deana Marcello
Executive Vice President Executive Vice President
NV RE Lic. 174174

Description

Colliers is pleased to exclusively offer for sale 2987 Las Vegas Boulevard North, a ±50,358 square foot flex industrial/retail asset situated on a ±3.8 acre site boasting 430 linear feet of frontage on Las Vegas Boulevard. Previously home to Supermercado del Pueblo, the property benefits from a new 5-year master lease backed by a proven operator and presents investors with a unique value-add opportunity through redevelopment and/or mark-to-market rent upside as the master lease expires. With its flexible zoning, prominent Las Vegas Blvd frontage and convenient access to major highways,...

Documents

Offering Summary

  • Asking Price
    $7,600,000
  • Price PSF
    $151
  • Property Type
    Retail
  • Size
    50,358 SF
  • Available
    50,358 SF
  • Occupancy
    100%
  • Built
    1950
  • Total Acres
    ~3.80 ac

Sale Details

  • Cap Rate
    7.75%
  • NOI
    $589,200
  • In-Place Cap Rate
    7.75%
  • In-Place NOI
    $589,200

Documents

Property Address

2987 Las Vegas Boulevard
North Las Vegas, NV 89030

Property Details

  • Square Feet
    50,358 SF
  • Available Space (SF)
    50,358 SF
  • Property Type
    Retail
  • Gross Leasable Area
    50,358 SF
  • Available GLA
    50,358 SF
  • Occupancy
    100%
  • Year Built
    1950
  • Acres
    3.80
  • Zoning
    General Commercial (C-2)
  • APN
    139-13-506-005

Property Details

  • Square Feet
    50,358 SF
  • Available Space (SF)
    50,358 SF
  • Property Type
    Retail
  • Gross Leasable Area
    50,358 SF
  • Available GLA
    50,358 SF
  • Occupancy
    100%
  • Year Built
    1950
  • Acres
    3.80
  • Zoning
    General Commercial (C-2)
  • APN
    139-13-506-005

Deal Team

Adam Malan profile image
Adam Malan
Vice Chair Vice Chair
NV RE Lic. 0063542
Deana Marcello profile image
Deana Marcello
Executive Vice President Executive Vice President
NV RE Lic. 174174
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