VEGAS VALLEY PLAZA Retail FOR SALE


Las Vegas, NV - Sunrise Manor
$11,923,000 USD
702-836-3785
, Las Vegas, NV for Sale
$11,923,000 USD
Retail - FOR SALE
1/5
null | 6.8% Cap Rate

VEGAS VALLEY PLAZA
Las Vegas, NV
Sunrise Manor


HIGHLIGHTS

  • Shadow Anchored Grocery Drug Center | 49,139 SF
  • 97.42% Occupancy
  • Below Replacement Cost at $243.00 PSF
  • 6.8% Cap Rate

OVERVIEW

Colliers Las Vegas is pleased to present the opportunity to acquire the Vegas Valley Plaza, a premier 49,139 square foot Albertson’s, CVS, El Pollo Loco, R Burgers shadow anchored grocery center situated in a well-established mature neighborhood of Sunrise Manor, Clark County, Las Vegas, Nevada. Strategically located at the northwest corner of S. Nellis Boulevard and Vegas Valley Drive, approximately one and one-half miles east of the I-95 Freeway and one and one-half miles north of Boulder Highway. Located at the signalized intersection, the Vegas Valley Plaza is joined by several other national retailers along Nellis Boulevard in the immediate trade area including Smith’s Food & Drug, Walgreens, Auto Zone, Bank of America, Planet Fitness, DD’s Discounts, Dollar General, 7-Eleven, Arco-Rebel, McDonald’s Chevron, Popeye’s, Dutch Bros., Burger King, Starbucks, Taco Bell, Jack in the Box, Carl’s Jr., as well as the United States Post Office that serves the trade area. * Institutional quality shadow anchored Albertson’s CVS neighborhood center. * Grocery and drug store anchored asset providing a tenant mix for everyday necessities. * The sale of everyday necessities reduces risk and creates a steady flow of traffic to the retailers. * Additional value-add opportunity. * Stable asset with 97.42% occupancy. * Excellent frontage on S. Nellis Boulevard, over 925’. * The subject property offers three curb cuts on S. Nellis Boulevard and three curb cuts on Vegas Valley Drive.  There is left turn access into the property from both streets. * Located approximately one and one-half miles east of the I-95 Freeway and one and one-half miles north of Boulder Highway. * Two prominent oversized pylon signs. * Abundant parking, circulation, and visibility.

ASK ABOUT THIS PROPERTY

David GrantColliersMore Info
702-836-3785

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David GrantColliersMore Info
702-836-3785

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