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 TypeRetail
- Size50,358 SF
- Available50,358 SF
- Occupancy100%
- Built1950
- Total Acres~3.80 ac
Sale Details
- Cap Rate7.75%
- NOI$589,200
- In-Place Cap Rate7.75%
- In-Place NOI$589,200
Documents
Property Address
Property Details
- Square Feet50,358 SF
- Available Space (SF)50,358 SF
- Property TypeRetail
- Gross Leasable Area50,358 SF
- Available GLA50,358 SF
- Occupancy100%
- Year Built1950
- Acres3.80
- ZoningGeneral Commercial (C-2)
- APN139-13-506-005
Property Details
- Square Feet50,358 SF
- Available Space (SF)50,358 SF
- Property TypeRetail
- Gross Leasable Area50,358 SF
- Available GLA50,358 SF
- Occupancy100%
- Year Built1950
- Acres3.80
- ZoningGeneral Commercial (C-2)
- APN139-13-506-005











Deal Team


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 TypeRetail
- Size50,358 SF
- Available50,358 SF
- Occupancy100%
- Built1950
- Total Acres~3.80 ac
Sale Details
- Cap Rate7.75%
- NOI$589,200
- In-Place Cap Rate7.75%
- In-Place NOI$589,200
Documents
Property Address
Property Details
- Square Feet50,358 SF
- Available Space (SF)50,358 SF
- Property TypeRetail
- Gross Leasable Area50,358 SF
- Available GLA50,358 SF
- Occupancy100%
- Year Built1950
- Acres3.80
- ZoningGeneral Commercial (C-2)
- APN139-13-506-005
Property Details
- Square Feet50,358 SF
- Available Space (SF)50,358 SF
- Property TypeRetail
- Gross Leasable Area50,358 SF
- Available GLA50,358 SF
- Occupancy100%
- Year Built1950
- Acres3.80
- ZoningGeneral Commercial (C-2)
- APN139-13-506-005
Deal Team


