4777 E Charleston Blvd - Storefront FOR SALE


Las Vegas, NV 89104- Sunrise Manor
$3,500,000 USD
702-215-7120
4777 E Charleston Blvd, Las Vegas, NV for Sale
$3,500,000 USD
Storefront - FOR SALE
1/10
null | 7.26% Cap Rate

4777 E Charleston Blvd
Las Vegas, NV 89104
Sunrise Manor


OVERVIEW

Strategically located along E Charleston Blvd, this property offers 298 feet of premium frontage on one of East Las Vegas’ most heavily trafficked thoroughfares, with over 37,500 vehicles per day. Positioned just 1.3 miles from the nearest highway, the site benefits from strong regional connectivity while maintaining direct access to a concentrated local customer base. The property sits within a densely populated trade area, with a population of 31,863 and an average household income of $68,721 within a 1-mile radius—figures that underscore strong local demand and spending power. This is further amplified by a vibrant daytime population and the presence of multiple national retailers that draw consistent traffic to the immediate area. Major surrounding tenants include AutoZone, Family Dollar, 7-Eleven, Shell, Starbucks, Burger King, Raising Cane’s, McDonald’s, Jack in the Box, Tire Choice Auto Service, and Advance Auto Parts. These established brands not only speak to the viability of the location but also create natural cross-shopping synergies, increasing the site’s value proposition for both consumers and investors. The site is located less than one mile from Charleston Commons Shopping Center, a high-traffic retail hub featuring top-performing brands such as Ross Dress for Less, Burlington, PetSmart, In-N-Out, and Chipotle, further enhancing the area’s draw and long-term tenant demand. This asset presents a rare and compelling value-add opportunity in the heart of Las Vegas, one of the fastest-growing and most dynamic markets in the country. With 5 of the 9 tenant leases set to roll over within the next year, a new investor is uniquely positioned to capitalize on immediate upside by restructuring leases to long-term NNN formats at current market rents. While the average rent in Plaza Mexico is significantly below market at approximately $1.00 per square foot, the submarket supports average asking rents of $2.00 per square foot—offering a clear path to increased income and asset value through strategic lease-up and repositioning. Las Vegas continues to experience robust population growth, strong job creation, and business-friendly tax policies, driving demand for well-located retail assets. As the market tightens and retail vacancies decline, this property offers a timely opportunity to unlock substantial rental upside and stabilize the asset for long-term cash flow and appreciation. With a favorable rent gap, upcoming lease turnovers, and the strength of the surrounding market fundamentals, this is an ideal opportunity for investors seeking both immediate value and long-term performance. Nevada is a premier destination for commercial real estate investors, offering a pro-business climate with no state income tax, corporate income tax, or franchise tax. This financial advantage, combined with strong economic growth, makes Las Vegas an exceptional investment opportunity.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$185 USD /SF

CAP RATE

7.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza Mexico

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Fast Food, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

C-1, County

APN/PARCEL ID

161-05-510-008

ASK ABOUT THIS PROPERTY

Dustin AlvinoMarcus & MillichapMore Info
702-215-7120

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Dustin AlvinoMarcus & MillichapMore Info
702-215-7120

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