3360 W Cactus Ave - Storefront FOR SALE


Las Vegas, NV 89141- South Las Vegas
$4,625,000 USD
702-755-5486
3360 W Cactus Ave, Las Vegas, NV for Sale
$4,625,000 USD
Storefront - FOR SALE
1/4
null | 6.02% Cap Rate

3360 W Cactus Ave
Las Vegas, NV 89141
South Las Vegas


HIGHLIGHTS

  • Newer Construction with NNN Leases: 3360 Cactus Avenue was constructed in 2023, limiting any near term capital requirements
  • Solid Retail/Medical Tenant Mix: Gentle Dental has a corporate lease signed by Interdent in place until 2033 (they occupy 48% of the Property)
  • Strong Demographics: 1 Mile: 12,500 Residents/$106,000 Average HH Income; 3 Mile: 116,000 Residents/$90,000 Average HH Income
  • 100% Occupied with Long Term Leases: 3360 Cactus Ave. is 100% occupied with the first lease not coming due until 2028
  • NOI: $278,306
  • Please do not disturb tenants

OVERVIEW

Adelphi Property Advisors presents 3360 W. Cactus Ave. (the ‘Property’), a +/- 7,085 SF multi-tenant strip center located in the Southwest Submarket of the Las Vegas Valley. The Property is 100% occupied and is leased to three Internet resistant retail/medical tenants. Gentle Dental occupies approximately 48% of the Property and has a lease in place until 2033. The lease is signed by Interdent, a nationally recognized, corporate backed tenant that operates in 8 states providing support to over 160 locations, 400 dentists, and 2,100 employees. Dental locations are known for their stability and longevity. American Urgent Care occupies 2,500 SF (35% of the Property). They operate 10 locations in the Las Vegas MSA. The lease is signed by Urgent Care Fund, Inc. with a personal guarantee in place. American Urgent Care offers primary care and urgent care services. 3360 W. Cactus Ave. was constructed in 2023. The newer construction will limit any near term capital improvements. The Property is located near Southern Highlands, one of the most prestigious master-planned communities in the Las Vegas MSA with over 9,500 homes with an average household income of over $135,000. 3360 W. Cactus Ave is located one block from the I-15 Freeway (over 150,000 vehicles per day). Over 12,000 residents live within a 1 mile radius and over 116,000 residents live within a 3 mile radius. The population will continue to grow as more homes continue to be built in the immediate area.

FOR SALE DETAILS

PRICE

$4,625,000 USD

PRICE/SF

$653 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multitenant Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

CG

APN/PARCEL ID

177-29-410-002

ASK ABOUT THIS PROPERTY

Jeff BergAdelphi Property AdvisorsMore Info
702-755-5486

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Jeff BergAdelphi Property AdvisorsMore Info
702-755-5486

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