Trop Plaza

Colliers is pleased to exclusively offer for sale Trop Plaza, a ±74,809 SF EOS Fitness anchored retail center located in Las Vegas, Nevada. Trop Plaza features national tenants including EOS Fitness, Denny’s, Starbucks, and Walgreens (NAP), and is strategically positioned along W. Tropicana Avenue, one of the Las Vegas’ most heavily trafficked east/west thoroughfares, in close proximity to the Las Vegas Strip and Stadium District.

Situated at the signalized intersection of W. Tropicana Avenue and S. Decatur Boulevard, Trop Plaza benefits from exceptional visibility, dual-street frontage and extremely strong traffic counts (±84,000 VPD), along with quick access to the I-15 Freeway (±177,000 VPD), I-11 Freeway (±229,000 VPD) and the CC 215 Beltway (±119,000 VPD) and the Las Vegas Strip. With an internet resistant and service-oriented mix of national and regional tenants, Trop Plaza boasts a 78-Month WALT and staggered lease expirations, providing durable in-place income alongside value-add potential through vacancy lease-up and mark-to-market rents.

The center is adjacent to The Orleans Hotel & Casino (1,886 Rooms) and Tahiti Resort (174 Suites) and surrounded by a dense and growing trade area, with approximately ±385,753 residents within a 5-mile radius and average household incomes exceeding $93,137. The immediate area features a robust daytime population of over ±660,343 consumers, further driving daytime traffic and retail demand.