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.