las vegas, nevada · presented by chris cunning senior vice president investments las vegas, nv...
TRANSCRIPT
OFFERINGMEMORANDUM
Las Vegas, Nevada SANTA FE PLAZASMITH’S FOOD & DRUG STORE SHADOW ANCHORED CENTER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party
receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap.
This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary
level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus &
Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property,
the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of
contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon,
or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not
verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters
and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must
take appropriate measures to verify all of the information set forth herein.
NON-ENDORSEMENT NOTICE
DISCLAIMER
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package.
The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said
corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap,
and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
CONFIDENTIALITY
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
2SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
PRESENTED BYChris Cunning
Senior Vice President InvestmentsLas Vegas, NV 89169
Cell 702.378.0437 Office 702.215.7116
[email protected] NV S.0041074.LLC
SMITH’S FOOD & DRUG STORESHADOW ANCHORED RETAIL CENTER
SANTA FE PLAZA
3SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
4SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
TABLE OF CONTENTS
SANTA FE PLAZA
02 PROPERTY OVERVIEWProperty Details.............Market Aerial.................Site Plan.........................
03 FINANCIAL ANALYSISTenant Summary ...........Pricing Details ...............Operating Data................
04 MARKET COMPARABLESSummary.......................Map...............................Comps...........................
01 EXECUTIVE SUMMARYOffering Summary..........Investment Highlights....Site Description..............
5SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
01 EXECUTIVE SUMMARY
SANTA FE PLAZA 1411-1455 NORTH JONES BOULEVARD
LAS VEGAS, NV 89108
SANTA FE PLAZA HAS TWO BUILDINGS SHADOW ANCHORED BY SMITH’S FOOD & DRUG STORE
7SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
$5,615,000 8.43%
OFFERING SUMMARY
Offering Price $5,615,000
Year 1 Cap Rate 7.93%
Gross Leasable Feet 21,481 Sq Ft
Lot Size 1.84 AC
Year Built 1995
No. Of Buildings 2
No. Of Units 14
Occupancy 100.00%
Parcel # 13826515003/13826515006
OFFERING
SANTA FE PLAZA1411-1455 NORTH JONES BOULEVARDLAS VEGAS, NV 89108
8SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
Located in the Central West Las Vegas Retail
Submarket, the subject property is positioned
along busy North Jones Boulevard north and east
of Highway 95.
Smith’s Food & Drug Store Anchored
100% Occupied
Two Multi-Tenant Buildings
Absolute NNN Lease
National Tenants
Dense Population
High Traffic Visibility
Great Street Frontage
Excellent Signage
Hard Signalized Corner
High Traffic Counts North Jones Boulevard21,000 VPD
Smith’s Food & Drug Store Anchored
Excellent Signage and Street Visibility
Located in a densely populated area with 191,703 people living within a 3 mile radius
INVESTMENT
9SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
Nearly 100,000 jobs are forecast to be created through 2020, topping the national rate of growth.
Over the next five years the Las Vegas metro’s population is expected to expand by 240,000 people, dramatically out-pacing the national growth rate.
POPULATION 1-Mile 3-Mile 5-Mile
2018 Total Population: 35,869 191,703 464,763
2023 Population: 39,050 208,318 504,884
Population Growth 2018-2023: 8.87% 8.67% 8.63%
Average Age: 35.10 37.30 38.90
HOUSEHOLD
HOUSEHOLDS
2018 Total Households: 11,956 68,819 171,251
HH Growth 2018-2023: 8.69% 8.57% 8.61%
Median Household Inc: $40,408 $43,639 $47,729
Average Household Size: 3.00 2.80 2.70
Average Household Vehicles: 2.00 2.00 2.00
HOUSING
Median Home Value: $148,223 $175,057 $209,877
Median Year Built: 1983 1988 1991
Source: Marcus & Millichap /Co-Star ™
191,7032018 POPULATION STATISTIC
3-Mile Radius
$175,057MEDIAN HOME VALUE
3-Mile Radius
$43,639MEDIAN HOUSEHOLD INCOME
3-Mile Radius
DEMOGRAPHICS
10SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
Marcus & Millichap is pleased to present to a qualified investor an
opportunity to acquire the Smith’s shadow anchored Santa Fe Plaza,
featuring two fully occupied buildings totaling 21,481 square feet located
on 1.84 acres. The first building consists of 5,481 sq ft with three long
term tenants including, national tenants, Papa Johns Pizza and Rent-A-
Center. The second building, 16,000 sq ft supports a mix of solid tenants
including H&R Block and Metro PCS, as well as a variety of local tenants
which serve the local demographics. The additional AT&T cell tower
located on the west side of the property brings additional value to the
property.
Strong street frontage along both North Jones Boulevard and West
Washington Street provide great visibility and high traffic counts of 21,000
VPD along North Jones Boulevard. The retail center is located within
the Central West Las Vegas retail submarket with a dense population of
191,703 people living within a 3-mile radius.
100% OCCUPIEDNNN LEASED
SITE
11SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
02 PROPERTYOVERVIEW
SANTA FE PLAZA 1411-1455 NORTH JONES BOULEVARD
LAS VEGAS, NV 89108
12SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
Property Address 1411-1455 North Jones Boulevard | Las Vegas, NV 89108
Number Of Units 14
Number Of Buildings 2
Cell Tower 1
Year Built 1995
Lot Size 1.84 AC
Gross Leasable Area 21,481 Sq. Ft.
Type Of Ownership Fee
Occupancy 100.00%
PROPERTY
NORTH LAS VEGAS
NELLIS AFB
Interna�onal Airport
Na�onal Conserva�on Area
Downtown Las Vegas
13SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
AERIAL
14SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
POPEYES LOUISIANA KITCHEN
NOT A PART
ORCHIDSTOP & SHOPNOT A PART
MOBILENOT A PART
SMITH’S FOOD & DRUGS STORESNOT A PART
Lee Robbins DDSNOT A PART
SIGNAGE
AT&T Cel Tower
BUILDING 1
100 Papa John Pizza
101 Express Check Chase
102 Rent-A-Center
North Jones Boulevard 21,000 VPDVegas Drive 11,200 VPDWest Washington Avenue 11,000 VPD
TRAFFIC COUNTS
BUILDING 2
1431A Cristal Cleaner
1433B Eyebrow Threading
1435C China Garden
1443 Metro PCS
1445J Estrella Insurance
1447 TNT Nails
1449 Maktub Beauty Salon
1451M The Water Company
1455 H&R Bock
AT&T Cell Tower
15SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
[ BUILDING 1 ]
[ BUILDING 2 ]
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LEWIS HOMES-RAINBOW VISTA NO 12
LEWIS HOMES-RAINBOW VISTA NO 10
LEWIS HOMES-RAINBOW VISTA NO 2
PM 62-100
LEWIS HOMES-RAINBOW VISTA NO 11749750
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LD 880210:466
PT 138-26-501-002
HOMES-
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PB 42-57
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LEWIS HOMES-RAINBOW VISTA NO 2 CARMEN BLVD VISTA NO 193.96
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LEWIS HOMES-RAINBOWLD 880210:466
RAINBOW VISTALEWIS HOMES-105
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46 455
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456LEWISHOMES-
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AMD CHARLESTONHEIGHTS TOWNHOUSES
TR 44-E PB 13-53
SANTA FE PLAZA
515
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TOWNHOUSESHEIGHTS
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8910111213
1415161718
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242526272829
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RAINBOW VISTA NO 10LEWIS HOMES-
PB 43-12
542.71
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79
100.16
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108.06514
124
125
126.92
123.17
120.77
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654
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656
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640
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NO
TES
This map is for assessment use only and does NOT represent a survey.
No liability is assumed for the accuracy of the data deliniated herein. Information on roads and other non-assessed parcels may be obtained from the Road Document Listing in the Assessor's Office.
This map is compiled from official records, including surveys and deeds, but only contains the information required for assessment. See the recorded documents for more detailed legal information.
MA
P LE
GE
ND
USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL
ASSESSOR'S PARCELS - CLARK CO., NV.
Scale: 1" = 200' 5/22/2013
T20S R60E 26 N 2 NE 4 138-26-5
31
30
19
1
1314
121110987
6 5 4 3 2
3635343332
29 28 27 26
24
25
23222120
18 17 16 15
BOOK
SEC.
MAP
2
3
4
5
6
7
8
1
2
3
4
51
8
7
5
6
4 8
200
PARCEL BOUNDARYSUB BOUNDARY
ROAD EASEMENTPM/LD BOUNDARY
HISTORIC LOT LINEMATCH / LEADER LINE
ROAD PARCEL NUMBERPARCEL NUMERACREAGE
PARCEL SUB/SEQ NUMBER
PLAT RECORDING NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER
10010011.00
202PB 24-45
55
GL5
HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY
15
8 4
Rev:
TAX DIST
0 200 400 600 800100 SECTION LINE
CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL
124126 125
138137 139
161162163164
123
140
Michele W. Shafe - Assessor
16SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
SANTA FE PLAZA 1411-1455 NORTH JONES BOULEVARD
LAS VEGAS, NV 89108
03 FINANCIALANALYSIS
18SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
TENANT
TENANT SUITE SQ. FT. % GLA COMM. EXP. RENTPER SF
RENTMONTHLY.
RENTYEARLY
RENT VACANT
OCCUPIED MO.EXP. REIMBM
VACANT MO.EXP. REIMBM
CHANGES ON
RENT INCREASE
LEASE TYPE OPTIONS
Papa Johns Pizza 100 1,339 6.23% 1996 2021 $2.70 $3,611 $43,337 $0.00 $ 605 $0 --- --- NNN 1-5 Year
Express Check Chase 101 1,339 6.23% 1997 2019 $2.79 $3,742 $44,901 $0.00 $ 545 $0 --- --- NNN 1-5 Year
Rent-A-Center 102 2,803 13.05% 1996 2023 $1.86 $5,225 $62,703 $0.00 $1,115 $0 --- --- NNN 1-5 Year
Cristal Cleaner 1431 (A) 1,540 7.17% 2017 2020 $1.45 $2,240 $26,880 $0.00 $ 475 $0 9/1/2018 3.00% NNN 1-5 Year
Eyebrows Threading 1433 (B) 1,210 5.63% 2016 2019 $1.35 $1,634 $19,602 $0.00 $ 400 $0 6/1/2018 3.00% NNN N/A
China Garden 1435 (C ) 1,210 5.63% 2017 2022 $1.36 $1,651 $19,812 $0.00 $ 520 $0 8/1/2019 5.00% NNN 1-5 Year
Dollar Store 1437 (D, E, F, G) 3,905 18.18% 2018 2022 $1.05 $4,100 $49,203 $0.00 $1,190 $0 --- --- NNN ---
Metro PCS 1443 1,210 5.63% 2011 2022 $1.54 $1,865 $22,378 $0.00 $ 380 $0 1/1/2019 5.00% NNN 1-3 Year
Estrella Insurance 1445 (J) 1,045 4.86% 2012 2020 $1.79 $1,868 $22,416 $0.00 $ 380 $0 4/1/2019 $1,609 NNN N/A
TNT Nails 1447 1,045 4.86% 1995 2020 $2.33 $2,432 $29,178 $0.00 $ 400 $0 --- --- NNN N/A
Maktub Beauty Salon 1449 1,210 5.63% 2015 2021 $1.59 $1,927 $23,124 $0.00 $ 410 $0 8/1/2019 3.00% NNN N/A
Smoke Shop 1451 (M) 1,430 6.66% 2017 2020 $1.92 $2,750 $33,000 $0.00 $ 440 $0 --- --- NNN N/A
The Water Co. 1453 (N) 825 3.84% 1996 2020 $1.75 $1,440 $17,280 $0.00 $ 350 $0 --- --- NNN N/A
H&R Block 1455 (P) 1,370 6.38% 1996 2020 $1.76 $2,405 $28,860 $0.00 $ 420 $0 --- --- NNN 1-3 Year
AT&T Tower --- --- --- 2006 2036 --- $2,570 $30,838 $0.00 --- $0 2/1/2019 3.00% NNN N/A
Total 21,481 100.00% $35,119.74 $421,437 $50,861 6,440.00 $1,190.00Total Vacant 0 Units Unoccupied GLA: 0 0.00% Annual Rent Vacant $ 0 Annual Expense Reimb. Vacant $ 0
Total Occupied 14 Units Occupied GLA: 21,481 100.00% Annual Rent Occupied $ 473,512 Annual Expense Reimb. Occupied $ 91,560
TOTAL 14 Units Total GLA: 21,481 100.00% Total Annual Rent $ 473,512 Total Annual Expense Reimbursement $ 91,560
19SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
7/6/2009
4/1/2012
12/27/2014
9/22/2017
6/18/2020
3/15/2023
12/9/2025
9/4/2028
6/1/2031
2/25/2034
11/21/2036
8/18/2039
20SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
OPERATING
INCOME CURRENT YEAR 1
Scheduled Base Rental Income $473,512 $473,512
CAM Reimbursement Income $91,560 $91,560
Sign Reimbursement Income $0 $0
Potential Gross Revenue $565,072 $565,072
General Vacancy 0.00% $0 5.00% ($28,254)
Effective Gross Revenue $565,072 $536,818
Less: Operating Expenses ($91,560) ($91,560)
Net Operating Income $473,512 $445,258
Tenant Improvements $0 $0
Leasing Commissions $0 $0
Capital Expenditures $0 $0
Cash Flow $473,512 $445,258
Debt Service ($236,338) ($236,338)
Net Cash Flow After Debt Service 10.56% $237,173 9.30% $208,920
Principal Reduction $80,275 $80,275
Total Return 14.13% $317,449 12.88% $289,195
OPERATING EXPENSES CURRENT YEAR 1
Real Estate Taxes $24,088 $24,088
Insurance $7,000 $7,000
CAM $42,472 $42,472
Management Fee $18,000 $18,000
Total Expenses $91,560 $91,560
Expenses/SF $4.26 $4.26
21SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
PRICING
PRICE $5,615,000
Down Payment $2,246,000
Down Payment % 40%
Number of Suites 14
Price Per Sq Ft $261.39 / Sq Ft
Gross Leasable Area (GLA) 21,481 Sq Ft
Lot Size 1.84 Acres
Year Built 1995
Occupancy 100.00%
RETURNS CURRENT YEAR 1
CAP Rate 8.43% 7.93%
Cash-on-Cash 10.56% 9.30%
FINANCING 1ST LOAN
Loan Amount $3,369,000
Loan Type New
Interest Type 5.00%
Amortization 25 Years
Year Due 7 Years
MARKET LOAN 1ST LOAN
Interest Rate 5.00%
Amortization Period 300
Months of Interest Only 0
Annual Loan Constant 7.02%
Loan Term 25 Years
Loan to Value 60.00%
Loan Amount $3,369,000
Down Payment $2,246,000
22SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
SANTA FE PLAZA 1411-1455 NORTH JONES BOULEVARD
LAS VEGAS, NV 89108
04 MARKETCOMPARABLES
23SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
Santa Fe PlazaLake MeadGateway
Plaza
SilveradoRanch Plaza
TropicanaMarketplace
ParadiseMarketplace
EastwindCenter
Series2 $261.39 $167.37 $164.72 $216.33 $201.93 $252.18Series1
0
50
100
150
200
250
300
Average Median Price / Sq Ft
$210.65
Property Name Address City, State Sale Price GLA Price / Sq Ft
Santa Fe Plaza 1411-1455 N. Jones Blvd. Las Vegas, NV 89108 $5,615,000 21,481 Sq Ft $261.39
Lake Mead Gateway Plaza 190 N. Boulder Hwy. Henderson, NV 89015 $9,750,000 58,254 Sq Ft $167.37
Silverado Ranch Plaza 9890 S. Maryland Pkwy. Las Vegas, NV 89183 $25,332,609 153,791 Sq Ft $164.72
Tropicana Marketplace 6150-6160 W. Tropicana Ave. Las Vegas, NV 89103 $15,000,000 69,338 Sq Ft $216.33
Paradise Marketplace 3810-3870 E. Flamingo Rd. Las Vegas, NV 89121 $15,750,000 77,997 Sq Ft $201.93
Eastwind Center 2381 E. Windmill Ln. Las Vegas, NV 89123 $12,165,000 48,240 Sq Ft $252.18
24SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
1
2
4
3
Interna�onal Airport
Colorado River
Las Vegas Resort Strip
Downtown Las Vegas
Na�onal Conserva�on Area
Las Vegas Conven�on Center
5
25SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
LAKE MEAD GATEWAY 190 N. Boulder Hwy.Henderson, NV 89015
SA L E P R I C E $9,750,000
Sale Date 9/21/2017
Year Built 2005
GLA 58,254 SF
Lot Size 5.55 AC
Cap Rate N/A
Price Per SF $167.37
T E N A N T
Albertsons, Starbucks, Sav-on Pharmacy, Wells Fargo Bank,
Carpet Cleaning Henderson
1
T E N A N TS
Smith’s Food & Drug Store, Planet Fitness, Santa’s Wrap, Al
Phillips, Choice Dental, Leslie’s Swimming Pool Supplies, Thai
House, Con Arts Antiques, Kanian, Advent Cleaners, All Hallows
Eve, JR Cook LLC, The UPS Store, Reflexology Foot Spa
SILVERADO RANCH PLACE9850 S. Maryland Pkwy.Las Vegas, NV 89183
SA L E P R I C E $31,000,000
Sale Date 9/7/2018
Year Built 2001
GLA 188,197 SF
Lot Size 12.86 AC
Cap Rate 7.88%
Price Per SF 164.72
2SANTA FE PLAZA1411-1455 N. Jones Blvd.Las Vegas, NV 89108
O F F E R I N G P R I C E $5,615,000
Year Built 1995
GLA 21,481 SF
Lot Size 1.84 AC
Year 1 Cap Rate 7.93%
Price Per SF $261.39
T E N A N T
Papa Johns Pizza, Express Check Chase, Rent-A-Center, Cristal
Cleaner, Eyebrows Threading, China Garden, Metro PCS, Estrella
Insurance, TNT Nails, Matkub Beauty Salon, Smoke Shop, The
Water Co., H&R Block, AT&T Cel Tower
SALESCOMPARARABLES
26SANTA FE PLAZA | 1411-1455 NORTH JONES BOULEVARD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES
EASTWIND CENTER2381-2355 E. Windmill Ln.Las Vegas, NV 89123
T E N A N TS
Cortiva Institute, Paradise Nail Bar, Little Havanna Cafe &
Smokeshop, Body & Brain Yoga, Olga’s Grooming Salon, Great
Clips, Metro PCS, JC Cellphone Repair, Amazing Eyebrows, H&R
Block, Chopstix, GNC, IDK Craft & Pizza Kitchen
5
SA L E P R I C E $12,165,000
Sale Date 3/29/2018
Year Built 1998
GLA 42,240 SF
Lot Size 4.9 AC
Cap Rate 7.65%
Price Per SF $252.18
TROPICANA MARKETPLACE6150-6160 W. Tropicana Ave.Las Vegas, NV 89103
T E N A N TS
Family Dollar Store, Rent A Center, Pearle Vision, Pacific Dental,
IEG Holdings Corporation, Japanese Restaurant, Golden Trade,
818 Fashions, X Cell Communications, Isaac’s One Stop, All Your
Skin & Body Care, Lilly, Bg Bistro
3
SA L E P R I C E $15,000,000
Sale Date 4/27/2018
Year Built 1988
GLA 69,338
Lot Size 6.59 AC
Cap Rate 7.50%
Price Per SF $216.33
PARADISE MARKETPLACE3810-3870 E. Flamingo Rd.Las Vegas, NV 89121
SA L E P R I C E $15,750,000
Sale Date 2/28/2018
Year Built 1988
GLA 77,997 SF
Lot Size 6.49 AC
Cap Rate 8.65%
Price Per SF $201.93
T E N A N TS
Las Vegas Athletic Clubs, Dollar Tree, Go Wireless Verizon,
Cosmic Comics Supercuts, Golden China, French Style Dry
Cleaners, Capriotti’s Sandwich Shop, GNC, Discount Cigarettes &
More, Cash Oasis
4
SALESCOMPARARABLES
3800 Howard Hughes Parkway | Suite 1550Las Vegas, NV 89169 | 702.215.7100
SANTA FE PLAZASMITH’S FOOD & DRUG STORESHADOW ANCHORED RETAIL CENTER
CHRIS CUNNING
Dir: 702.215.7116Cel: 702.378.0437Fax: 702.215.7110Lic: NV S.0041074.LLCchris.cunning@marcusmillichap.comwww.ChrisCunningMMREIS.com
SENIOR VICE PRESIDENT INVESTMENTSDirector National Retail Group
EXCLUSIVELY OFFERED BY: