3720 E Sunset Rd - Freestanding FOR SALE


Las Vegas, NV 89120- Paradise Valley East
$10,522,960 USD
702-374-0219
3720 E Sunset Rd, Las Vegas, NV for Sale
$10,522,960 USD
Freestanding - FOR SALE
1/6
null | 6.25% Cap Rate

3720 E Sunset Rd
Las Vegas, NV 89120
Paradise Valley East


OVERVIEW

Mountain West Commercial Real Estate is proud to present Sunset Place, a ±28,800 square foot premier multi-tenant retail investment opportunity located at the high-visibility intersection of Sunset Road and Sandhill Road in Las Vegas, Nevada. Currently 89% leased, Sunset Place offers investors immediate upside through lease-up of the remaining vanilla shell vacancies and potential rental rate growth. Priced attractively at $365 per square foot. The property features 12 retail suites and a freestanding drive thru pad, with units ranging from ±900 to 3,600 SF. All leases are structured on NNN terms, providing investors with minimal landlord responsibilities and predictable expense recovery. Sunset Place is anchored by Church LV (NAP), who own and occupy the ±86,000 SF former K-Mart that they completely renovated in 2018, serving as a vibrant community hub for the congregation of over 4,000 regular attendees. This strong regional draw significantly enhances foot traffic and tenancy appeal. Located within the thriving Southeast/Airport submarket—where retail vacancy remains tight at approximately 5.4% (per CoStar)—Sunset Place is benefits from strong market fundamentals. The surrounding trade area boasts a dense population of over 152,000 residents within a 3-mile radius and an average household income of $78,000, providing a robust consumer base.

FOR SALE DETAILS

PRICE

$10,522,960 USD

PRICE/SF

$411 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Place

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

115

LAND DETAILS

CROSS STREETS

Sandhill

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

CG

APN/PARCEL ID

161-31-402-002,161-31-402-003

ASK ABOUT THIS PROPERTY

Ian DavisMountain West CommercialMore Info
702-374-0219

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

Ian DavisMountain West CommercialMore Info
702-374-0219

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