Listing banner image
  • Asking Price
    $31,100,000Asking Price
  • Cap Rate
    6.65%Cap Rate
  • NOI
    $2,066,623NOI
  • Gross Leasable Area
    74,809 SFGross Leasable Area
  • Acres
    ~6.36 acAcres
  • Occupancy
    94%Occupancy

Description

Colliers is pleased to exclusively offer for sale Trop Plaza, a ±74,809 SF EOS Fitness anchored retail center located in Las Vegas, Nevada. Trop Plaza features national tenants including EOS Fitness, Denny’s, Starbucks, and Walgreens (NAP), and is strategically positioned along W. Tropicana Avenue, one of the Las Vegas’ most heavily trafficked east/west thoroughfares, in close proximity to the Las Vegas Strip and Stadium District.

Situated at the signalized intersection of W. Tropicana Avenue and S. Decatur Boulevard, Trop Plaza benefits from exceptional visibility, dual-street frontage...

Documents

Offering Summary

  • Asking Price
    $31,100,000

Sale Details

  • Cap Rate
    6.65%
  • NOI
    $2,066,623

Documents

Property Address

4945 – 5045 W Tropicana Avenue
Las Vegas , NV 89103

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    74,809 SF
  • Occupancy
    94%
  • Year Built
    2000
  • Zoning
    Commercial General (CG)
  • APN
    163-25-502-021, 163-25-502-022, 163-25-502-023

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    74,809 SF
  • Occupancy
    94%
  • Year Built
    2000
  • 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 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 Trop Plaza, a ±74,809 SF EOS Fitness anchored retail center located in Las Vegas, Nevada. Trop Plaza features national tenants including EOS Fitness, Denny’s, Starbucks, and Walgreens (NAP), and is strategically positioned along W. Tropicana Avenue, one of the Las Vegas’ most heavily trafficked east/west thoroughfares, in close proximity to the Las Vegas Strip and Stadium District.

Situated at the signalized intersection of W. Tropicana Avenue and S. Decatur Boulevard, Trop Plaza benefits from exceptional visibility, dual-street frontage...

Documents

Offering Summary

  • Asking Price
    $31,100,000

Sale Details

  • Cap Rate
    6.65%
  • NOI
    $2,066,623

Documents

Property Address

4945 – 5045 W Tropicana Avenue
Las Vegas , NV 89103

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    74,809 SF
  • Occupancy
    94%
  • Year Built
    2000
  • Zoning
    Commercial General (CG)
  • APN
    163-25-502-021, 163-25-502-022, 163-25-502-023

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    74,809 SF
  • Occupancy
    94%
  • Year Built
    2000
  • 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 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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