Description
Trop Plaza is an approximately 74,809-square-foot shopping center at Tropicana Avenue and Decatur Boulevard in Las Vegas. EOS Fitness anchors the tenant mix, which includes Denny's and Starbucks. Walgreens is identified as not part of the offering. Colliers is marketing the property.
The offering reports a 79-month weighted average lease term with staggered expirations. Vacant space and existing rents provide areas for buyers to assess leasing and future income, alongside the current tenant obligations. Reported intersection traffic is approximately 84,000 vehicles daily, with access to Interstate 15, Interstate 11 and the CC 215 Beltway. The Orleans and Tahiti Resort are nearby. The five-mile area has approximately 385,753 residents and average household income above $93,137 according to the marketing materials.
Offering Summary
- Asking Price$30,814,000
- Property TypeRetail
- Occupancy99%
- Built2000
- Total Acres~6.36 ac
Sale Details
- Cap Rate7.0%
- NOI$2,156,987
Documents
Property Address
Property Details
- Property Type
Retail - Gross Leasable Area
74,809 SF - Occupancy
99% - Year Built
2000 - Acres
6.36 - Zoning
Commercial General (CG) - APN
163-25-502-021, 163-25-502-022, 163-25-502-023
Deal Team




