Listing banner image
  • Asking Price
    $8,340,000Asking Price
  • Cap Rate
    7.50%Cap Rate
  • NOI
    $625,421NOI
  • Occupancy
    96%Occupancy
  • Size
    20,077 SFSize
  • Lot Size
    1.48 acresLot Size

Description

Positioned just steps from the Las Vegas Strip, this prime retail center occupies the high-visibility corner of Sammy Davis Jr. Drive and Resorts World Drive, directly across from iconic destinations including Resorts World, Circus Circus Adventuredome, Fontainebleau, MSG Sphere, and the Las Vegas Convention Center. The property benefits from ±39,000 VPD at the intersection and ±236,000 VPD along the I-15 Freeway, as well as a strong daytime population of ±384,354 consumers within a three-mile radius. The asset delivers immediate, stable cash flow with near-term upside through vacancy...

Documents

Offering Summary

  • Asking Price
    $8,340,000
  • Property Type
    Retail
  • Size
    20,077 SF
  • Available
    20,077 SF
  • Occupancy
    96%
  • Built
    1976
  • Total Acres
    ~1.48 ac

Sale Details

  • Cap Rate
    7.50%
  • NOI
    $625,421

Documents

Property Address

2947–2971 Sammy Davis Jr. Drive
Las Vegas, NV 89109

Property Details

  • Property Type
    Retail
  • Occupancy
    96%
  • Year Built
    1976
  • Year Renovated
    2012
  • Lease Type
    NNN
  • Zoning
    CG (Commercial General)
  • APN
    162-09-203-006
  • Gross Leasable Area
    20,077 SF
  • Available GLA
    20,077 SF
  • Acres
    1.48

Property Details

  • Property Type
    Retail
  • Occupancy
    96%
  • Year Built
    1976
  • Year Renovated
    2012
  • Lease Type
    NNN
  • Zoning
    CG (Commercial General)
  • APN
    162-09-203-006
  • Gross Leasable Area
    20,077 SF
  • Available GLA
    20,077 SF
  • Acres
    1.48

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

Positioned just steps from the Las Vegas Strip, this prime retail center occupies the high-visibility corner of Sammy Davis Jr. Drive and Resorts World Drive, directly across from iconic destinations including Resorts World, Circus Circus Adventuredome, Fontainebleau, MSG Sphere, and the Las Vegas Convention Center. The property benefits from ±39,000 VPD at the intersection and ±236,000 VPD along the I-15 Freeway, as well as a strong daytime population of ±384,354 consumers within a three-mile radius. The asset delivers immediate, stable cash flow with near-term upside through vacancy...

Documents

Offering Summary

  • Asking Price
    $8,340,000
  • Property Type
    Retail
  • Size
    20,077 SF
  • Available
    20,077 SF
  • Occupancy
    96%
  • Built
    1976
  • Total Acres
    ~1.48 ac

Sale Details

  • Cap Rate
    7.50%
  • NOI
    $625,421

Documents

Property Address

2947–2971 Sammy Davis Jr. Drive
Las Vegas, NV 89109

Property Details

  • Property Type
    Retail
  • Occupancy
    96%
  • Year Built
    1976
  • Year Renovated
    2012
  • Lease Type
    NNN
  • Zoning
    CG (Commercial General)
  • APN
    162-09-203-006
  • Gross Leasable Area
    20,077 SF
  • Available GLA
    20,077 SF
  • Acres
    1.48

Property Details

  • Property Type
    Retail
  • Occupancy
    96%
  • Year Built
    1976
  • Year Renovated
    2012
  • Lease Type
    NNN
  • Zoning
    CG (Commercial General)
  • APN
    162-09-203-006
  • Gross Leasable Area
    20,077 SF
  • Available GLA
    20,077 SF
  • Acres
    1.48

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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