Introducing the Sahara-Nellis Mixed-Use Center, a rare and high-potential investment opportunity that blends office, retail, and storage space, situated in a extremely busy corridor in Las Vegas. This property spans approximately 10,248 square feet of office and retail space, offering 16 office/retail suites and approximately 8,450 square feet of storage space spanning 47 units situated on 1.22 acres of land. Its prime location is strategically positioned along a dense retail corridor, shadow-anchored by Smith’s and surrounded by an impressive mix of national tenants like Starbucks, Walgreens, FedEx, and Bank of America. This site is designed to thrive in a market with strong fundamentals and future growth drivers.
The market conditions surrounding this asset are particularly compelling. Las Vegas’ commercial real estate supply is at a historic low, with new commercial deliveries in 2025 expected to fall below 900,000 square feet, creating a rare opportunity in a tightening market. Vacancy rates in the valley have dropped to a 17-year low of 5.1%, with the current availability rate of 5.3% marking the lowest year-end rate since pre-2008. These tightening conditions signal a strong demand for space, further bolstered by a growing daytime population of over 153,000 people within a 3-mile radius and 13,316 households within a 1-mile radius.
The rental growth potential here is significant. The retail component is backed by leases with built-in 2% annual rent escalations, while the storage units offer flexibility with monthly re-pricing to keep pace with market trends. Over the past year, rents in Las Vegas have climbed 4.9%, outpacing the national average, and the market has sustained six consecutive years of rent growth, signaling a continued upward trajectory.
The property’s location also ensures constant visibility and traffic, benefiting from its proximity to major national retailers and attracting steady consumer attention. With national tenants in close proximity and a high volume of foot traffic, this center is primed for sustained tenant retention and future value appreciation.
Sahara-Nellis Mixed-Use Center stands out as a strategic investment in a market with unmatched growth drivers, limited supply, and strong long-term potential. This is an opportunity to tap into one of the fastest-growing real estate markets in the nation and secure a solid return on investment in an environment of rising demand and constrained supply.