2420 E Desert Inn Rd - Freestanding FOR SALE


Las Vegas, NV 89121- Winchester
$7,000,000 USD
702-550-4934
2420 E Desert Inn Rd, Las Vegas, NV for Sale
$7,000,000 USD
Freestanding - FOR SALE
1/10
null | 5.94% Cap Rate

2420 E Desert Inn Rd
Las Vegas, NV 89121
Winchester


HIGHLIGHTS

  • Ross Credit Profile – S&P 500, Fortune 500 operator with $5 B quarterly revenue
  • Long-Term Tenancy – 40-year history on site with multiple renewal options.
  • Grocery-Anchored Center – La Bonita draws 1.2 M visits per year (source Placer AI) ? strong cross-traffic with dd's Discounts and Five Below

OVERVIEW

S&P 500 Tenant – Ross Dress for Less | 5.94% Cap | Ross has occupied for almost 40 Years | NNN Lease / Hard Corner endcap of Desert Inn & Eastern Ave with approximately 65,000 vehicles per day (source NDOT) 2% percentage rent over a natural breakpoint. Tenant reports sales. Dense population with 506,682 people in a 5 mile radius Rent escalators of 10% every five years, with the next increase in approximately 3 years January 31, 2029 Grocery anchored center with La Bonita Hispanic Market. dd’s Discounts and Five Below also anchor the center. High visibility. The building is 1.6 miles from the Las Vegas Convention Center and 2.7 miles from the Las Vegas Strip. Low rent to sales ratio of 4.3%.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

5.94%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ross Dress For Less

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

394

LAND DETAILS

CROSS STREETS

S Eastern

LAND ACRES

2.53 AC

LAND SF

110,207 SF

ZONING

CG Commercial General

APN/PARCEL ID

162-12-401-007

ASK ABOUT THIS PROPERTY

Dan AdamsonROI Commercial Real Estate, Inc.More Info
702-550-4934

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Dan AdamsonROI Commercial Real Estate, Inc.More Info
702-550-4934

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