1820 E Lake Mead Blvd - Freestanding FOR SALE


North Las Vegas, NV 89030- Downtown North Las Vegas
$9,600,000 USD
702-795-7900
1820 E Lake Mead Blvd, North Las Vegas, NV for Sale
$9,600,000 USD
Freestanding - FOR SALE
1/26
null | 6.76% Cap Rate

1820 E Lake Mead Blvd
North Las Vegas, NV 89030
Downtown North Las Vegas


HIGHLIGHTS

  • $100,000+ invested in updated heating and cooling systems (11 HVAC Units)
  • The roof was resealed in 2020
  • Replacement of sewer line around the building (2024- $78,000 +/-)
  • Replacement of parking lot asphalt (2025 - $67,000 +/-)

OVERVIEW

The Cambridge Group as exclusive advisors are pleased to present the opportunity to acquire The Square (the property), a +/- 28,129 square foot neighborhood retail project in North Las Vegas, Nevada. The offering consists of 2 buildings with 3 different Ingress/Egress’. The shopping center is located on the corner of Lake Mead Blvd. and McDaniel St., just off of the I-15 and Lake Mead Blvd. giving patrons easy access off the highway. Currently 100% leased, built in 1979. The shopping center provides an investor a stable asset with successful long-term occupancy. Furthermore, The Square supports a very diverse tenant structure including a variety of retail and professional services including national brands like Pearl Vision and Cricket Wireless. The property also has one large pylon sign that is showcased to the intersection of Lake Mead and McDaniel which generates over 34,000 vehicles per day.

FOR SALE DETAILS

PRICE

$9,600,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

6.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Mead Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

103

LAND DETAILS

LAND ACRES

1.91 AC

LAND SF

83,200 SF

ZONING

North Las Vegas

APN/PARCEL ID

139-23-601-009

ASK ABOUT THIS PROPERTY

Jordan HanleyCambridge Group Ltd.More Info
702-795-7900

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Jordan HanleyCambridge Group Ltd.More Info
702-795-7900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.