2420 E Desert Inn Rd - Freestanding FOR SALE


Las Vegas, NV 89121- Winchester
$6,814,000 USD
480-221-4221
2420 E Desert Inn Rd, Las Vegas, NV for Sale
$6,814,000 USD
Freestanding - FOR SALE
1/6
null | 6% Cap Rate

2420 E Desert Inn Rd
Las Vegas, NV 89121
Winchester


HIGHLIGHTS

  • Long Operating History (40+ Years) | Options To Extend | Scheduled Rental Increases | Strong Sales Figures
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Highly Trafficked Center | Las Vegas Convention Center |Dense Retail Corridor
  • Rare Las Vegas Retail Opportunity | Las Vegas Tourism |High Barriers To Entry
  • Signalized, Hard Corner Intersection | Pylon Signage |Excellent Visibility & Access
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Ross Dress for Less investment property located in Las Vegas, Nevada. The tenant, Ross, has operated at this location for over 40 years and has 3 years of remaining term with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. Ross performs well at this location with a healthy rent-to-sales ratio of about 4.3%. Additionally, the building’s roof was replaced in August 2024 (membrane has a 20-year manufactured warranty) and approximately 64% of the buildings cooling capacity was replaced in 2025, further demonstrating Ross’ investment in this location.

FOR SALE DETAILS

PRICE

$6,814,000 USD

PRICE/SF

$222 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ross Dress For Less | 40+yr Occupancy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

125

LAND DETAILS

CROSS STREETS

S Eastern

LAND ACRES

2.56 AC

LAND SF

111,514 SF

ZONING

C2

APN/PARCEL ID

162-12-401-007

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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