Pecos Plaza Retail FOR SALE


Las Vegas, NV - Paradise Valley East
$22,800,000 USD
702-482-9675
, Las Vegas, NV for Sale
$22,800,000 USD
Retail - FOR SALE
1/5
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HIGHLIGHTS

  • Las Vegas Community Center – Pecos Plaza is an 88,534 SF, multi-tenant community center, anchored by Goodwill and EOS Fitness (NAP)
  • High Traffic, Retail Hub Location – Located ideally w/in the heart of Las Vegas at the SWC of E Russell Rd (±28,500 CPD) and S Pecos Rd (±21,100 CPD)
  • Below Replacement Cost – Uncommon opportunity to purchase a established LV shopping center at a strong discount to its land inclusive replacement cost
  • Immediate Leasing Upside – At current occupancy, 14% of the property (12,673 SF) is available for an immediate leasing upside opportunity

OVERVIEW

* Las Vegas Community Center – Pecos Plaza is an 88,534 SF, multi-tenant community center, anchored by Goodwill and EOS Fitness (NAP) and currently 86% leased to a mix of value-focused, demographic appropriate, national and local credit tenants including Goodwill, The UPS Store, La Papaya Deli, Cricket Wireless, and others. * High Traffic, Retail Hub Location – Located ideally within the heart of Las Vegas at the SWC of E Russell Rd (±28,500 CPD) and S Pecos Rd (±21,100 CPD) near the US Interstate 11 (±141,500 CPD) connecting it to the remainder of the Las Vegas Metropolitan Area and making it easily accessible to the daytime population of 213,000 within a 3-mile radius. * Below Replacement Cost – At the contemplated pricing, (±$258 PSF), Pecos Plaza presents an uncommon opportunity to purchase an established Las Vegas shopping center at a strong discount to its land inclusive replacement cost. * Immediate Leasing Upside – At current occupancy, 14% of the property (12,673 SF) is available for an immediate leasing upside opportunity to increase NOI producing an attractive 4.4% CAGR

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Roy FritzCBREMore Info
702-482-9675

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Roy FritzCBREMore Info
702-482-9675

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