4945 – 5045 W Tropicana Avenue Retail
  • Asking Price
    $30.8MAsking Price
  • Cap Rate
    7%Cap Rate
  • NOI
    $2.2MNOI
  • Gross Leasable Area
    74,809 SFGross Leasable Area
  • Acres
    ~6.36 acAcres
  • Occupancy
    99%Occupancy

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 Type
    Retail
  • Occupancy
    99%
  • Built
    2000
  • Total Acres
    ~6.36 ac

Sale Details

  • Cap Rate
    7.0%
  • NOI
    $2,156,987

Documents

Property Address

4945 – 5045 W Tropicana Avenue
Las Vegas , NV 89103

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

Adam Malan profile image

Adam Malan

Vice Chair
Colliers
NV RE Lic. 0063542
Deana Marcello profile image

Deana Marcello

Executive Vice President
Colliers
NV RE Lic. 174174