1995 N Nellis Blvd - Storefront FOR SALE


Las Vegas, NV 89115- Sunrise Manor
$4,632,883 USD
702-405-1755
1995 N Nellis Blvd, Las Vegas, NV for Sale
$4,632,883 USD
Storefront - FOR SALE
1/8
null | 6% Cap Rate

1995 N Nellis Blvd
Las Vegas, NV 89115
Sunrise Manor


HIGHLIGHTS

  • CORPORATE CREDIT TENANCY
  • SHADOW GROCERY ANCHORED
  • LONG-TERM STABLE TENANTS
  • HIGH-VISIBILITY CORNER
  • ESTABLISHED RETAIL NODE

OVERVIEW

Newmark is pleased to exclusively offer for sale Lake Mead & Nellis Retail Center, a fully leased, multi-tenant retail asset located in the dynamic Northeast submarket of Las Vegas, Nevada. This 100% NNN-leased property is shadow-anchored by Superior Grocers, a 43,687 square foot Hispanic grocery store that drives consistent foot traffic to the center. Originally constructed in 1989, Lake Mead & Nellis Retail Center is positioned on a high-visibility hard corner at the signalized intersection of East Lake Mead Boulevard and North Nellis Boulevard, which experiences a combined traffic count of approximately 80,000 vehicles per day. The asset benefits from a dense trade area, with over 23,500 daytime employees and more than 190,750 residents within a 3-mile radius. Additionally, Nellis Air Force Base, a major economic and employment hub, is located just two miles to the north. The property sits on a 0.68-acre parcel and features an 8,200 square foot retail building complemented by two ground lease pads. The center offers on-site parking and highly visible pylon signage, enhancing tenant exposure and accessibility. This offering presents investors with a stable, income-generating asset backed by long-standing tenancy, strong demographic fundamentals, and an irreplaceable location in one of Las Vegas’ most active retail corridors.

FOR SALE DETAILS

PRICE

$4,632,883 USD

PRICE/SF

$552 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Mead & Nellis Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

C2, Las Vegas

APN/PARCEL ID

140-20-701-012

ASK ABOUT THIS PROPERTY

Michael ZobristNewmarkMore Info
702-405-1755

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Michael ZobristNewmarkMore Info
702-405-1755

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