PORTFOLIO SALE - TWO PROPERTIES - Availability Details

For Sale$8,729,000

5955 West Tropicana Avenue, Las Vegas, NV 89103

  • Retail
  • Neighborhood Center

Nearby Listings

Details

  • Sale Price $8,729,000
  • City Las Vegas
  • Neighborhood Spring Valley
  • Zip Code 89103
  • Market Las Vegas
  • Property Type Retail - Neighborhood Center
  • Property Size 19,445 Sqft
  • Property Tenancy Multi-Tenant
  • Year Renovated 2019
  • Date Updated 25 Jun, 2019

Description

Investment offering consists of 2 separate Properties on 3 Parcels with 4 Buildings (one of which is on a Ground Lease.)

Offered at $8,729,000 | 6.51% CAP RATE | NOI $568,341

PHYLLIS HANLEY 702-335-7719 | CAMBRIDGE GROUP LTD

JORDAN HANLEY 702-335-7731 | HANLEY REALTY GROUP

___________________________________________

PROPERTIES IN SALE: Tropicana 5965 & 5955 W. TROPICANA AVENUE | Total 8733 SF For Sale

Pad Ground Lease | Del Taco 5955 W. Tropicana Ave (Pad – 3500 SF)

Building Two | 5965 W. Tropicana Ave – Contains Suite A,B,C,D for total of 5,233 SF

· Center users include Regional & National tenants: Albertsons, CVS, Rebel Oil.

Tenants include Fantastic Sams, Del Taco, Subway and Rapid Cash. Very diverse tenant structure with Vapor Shop, Smoke Shop, Hair Salon, Nail and Tanning, Wireless store, cleaners, massage studio, fast food with anchor grocery store and drug store. Gas station on corner parcel. Area National Users within ½ mile of this center include: McDonalds, Taco Bell, Smiths, Checker , Arco, Wendys, Arbys, Pep Boys, US Post Office, 7-Eleven, Black Bear Diner, Auto Zone and Discount Tire just to name a few.

•Two pads separately owned are not part of the sale. (Albertsons/CVS & Rebel Oil)

•Pad Owners contribute to Common Area Expenses est. annually & billed monthly.

•All new water lines throughout the centers landscaping

•Recently painted and stucco work

•Pylon signs – new lexan & graphics/bulbs & repairs

•Some asphalt repairs and striping

•Approx. 3.5 miles to the 215/ 3 miles to the I15 & LVBS

•Long term tenants – last new lease executed in 2013

•100% leased

•Current Zoning is C-2 Clark County

____________________________________________

Flamingo Jones – 6105 W. Flamingo Road Las Vegas, NV 89103 For Sale | Total 10,712 SF

1St Building: 6105 W. Flamingo | Suite A,B,C,D | 4712 SF Building

2nd Building: 6115 W. Flamingo | Suite A, B SF| 6000 SF Building

•Completed striping and handicapped sign repairs 2019

•Painting and stucco work 2018

•Both roofs have been resealed with 3 to 4 years left on warranty

•Approx. 3 miles to I15 or the Las Vegas Strip

•Long term tenants – last new lease executed in 2010

•100% leased

•Current Zoning is C-1 Clark County

Attachments

Commercial Broker

broker

Phyllis Hanley

Cambridge Group LTD

(702) 795-7900

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.