Flamingo Courtyard Retail FOR SALE


Las Vegas, NV - Paradise Valley East
$8,750,000 USD
702-580-9800
, Las Vegas, NV for Sale
$8,750,000 USD
Retail - FOR SALE
1/5
null | 6.85% Cap Rate

Flamingo Courtyard
Las Vegas, NV
Paradise Valley East


HIGHLIGHTS

  • 100% occupancy with a twenty-nine (29) month WALT
  • Below market rents
  • Recently completed full epoxy roof resealing
  • Below replacement costs
  • Broker Co-Op Available

OVERVIEW

CBC Premier exclusively presents Flamingo Courtyard for acquisition to qualified investors. This ±44,935 square-foot, 100% stabilized retail and professional office center, was constructed in 1985 with renovations in 2016. The asset features a resilient "internet-resistant" tenant mix anchored by institutional-grade medical and fitness users, including Proud Moments ABA and Movement Fitness. The property benefits from its diverse mix of tenants and close proximity to all major interstates, Harry Reid International Airport, and the fabulous Las Vegas Strip. With a diversified rent roll, 3.0% annual escalations, and a defensive basis significantly below current replacement costs, Flamingo Courtyard offers investors a rare combination of immediate, stabilized cash flow and long-term yield appreciation in one of the nation's most favorable tax jurisdictions.

ASK ABOUT THIS PROPERTY

Lucas Mojonnier, CCIMColdwell Banker Commercial PremierMore Info
702-580-9800

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Lucas Mojonnier, CCIMColdwell Banker Commercial PremierMore Info
702-580-9800

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