2550 S Maryland Pky - Freestanding FOR SALE


Las Vegas, NV 89109- Winchester
$25,132,244 USD
725-227-6159
2550 S Maryland Pky, Las Vegas, NV for Sale
$25,132,244 USD
Freestanding - FOR SALE
1/12
null | 6.3% Cap Rate

2550 S Maryland Pky
Las Vegas, NV 89109
Winchester


OVERVIEW

Ram Group, LLC and Moore Real Estate Sales, Inc. are pleased to present for acquisition Sahara Towne Square, a ±93,420 SF retail center shadow anchored by Smith’s Food & Drug, a subsidiary of The Kroger Company (NYSE: KR). This offering includes 93,420 SF of shop space and all five (5) retail pad buildings which are currently leased and occupied by Chase Bank, Jack in the Box, Taco Bell, Carlito’s Cuban Restaurant (prior Chili’s) and Kinnara Thai Restaurant. The center is dominant in its trade area and is currently 85% leased to a complementary mix of local and regional and national occupiers servicing a dense populous (1 mile: 24,570; 3 mile: 178,583; 5 mile: 500,906). Note that Smith’s is the closest full-service grocery store to Las Vegas Boulevard, thus services the Strip in addition to the surrounding neighborhoods. Notably, this center has been owned by the same group since 1991—34 years. This truly is a rare acquisition opportunity. Although Smith’s owns its parcel/ building, it contributes to CAM and is processing the construction of its fuel station on-site within the next year. Ownership has a Right of First Refusal (ROFR) to acquire Smith’s property should it decide to sell to a non-grocer.

FOR SALE DETAILS

PRICE

$25,132,244 USD

PRICE/SF

$269 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sahara Towne Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

382

LAND DETAILS

LAND ACRES

10.06 AC

LAND SF

438,214 SF

ZONING

CG, C-1

APN/PARCEL ID

162-11-101-002,162-11-110-003,162-11-111-001

ASK ABOUT THIS PROPERTY

Tanner SusaReal Estate Asset ManagementMore Info
725-227-6159

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Tanner SusaReal Estate Asset ManagementMore Info
725-227-6159

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