Property History
Colliers is pleased to exclusively offer for sale a multi-tenant retail pad located within Cactus Marketplace, a ±33,700 SF neighborhood retail center servicing the highly affluent Southern Highlands and Mountain’s Edge master planned communities. This ±4,680 SF property is NNN leased to a Dairy Queen, State Farm Insurance, a Pharmacy, and Direct Smog Check.
The asset is well positioned within the high growth southwest trade area of Las Vegas, Nevada, just north of the signalized intersection of S. Decatur Blvd. and W. Cactus Ave. with traffic counts in excess of ±44,900 VPD. Cactus Marketplace benefits from its proximity to both the I-15 Freeway (±124,000 VPD) and CC 215 Beltway (±201,000 VPD) and is in proximity to major future developments including a future Station Casino’s hotel/resort/casino development (±126 AC) and a future HCA Hospital (±57 AC) at Cactus Ave. and Las Vegas Blvd. The center is occupied by a mix of national, regional, and local tenants including Papa Johns, Don Tortaco, and Hound House.
The site is surrounded by residential growth, with several new housing communities planned or under construction. Adjacent to the site, is a new multifamily development that is set to deliver ±322 units in 2025.The property resides in an affluent trade area consisting of ±277,434 residents with an average annual household income of ±$117,113 within a 5-mile radius. The property is located adjacent to the Southern Highlands master planned community (±13,000 homes on ±2,299 AC) and is just east of Mountain’s Edge (±12,000 homes on ±3,500 AC) and Rhodes Ranch (±1,200 homes).
Strong Operating History | Stabilized Asset
• Dairy Queen and State Farm have operated at this location since 2015
• Delivered at 100% occupancy, providing a stabilized investment opportunity in a thriving submarket
Strong Traffic Counts | Excellent Access & Visibility
• Strategically located on Decatur Blvd. and W. Cactus Rd. carrying ±44,900 VPD
• Decatur Blvd. serves as a main north-south arterial connecting the subject to the Las Vegas Strip and Downtown
• 3-miles west of the I-15 Freeway – a major north-south thoroughfare with ±126,000 VPD
Strong Residential Development | High Growth Trade Area
• Surrounded by several new housing developments that are planned or under construction
• Located adjacent to the Southern Highlands (±13,000 residences) and in close proximity to the Mountains Edge (±12,000 residences) master planned communities
Just west of major hotels and future projects including:
• Southpoint Hotel & Casino (2,163 rooms)
• M Resort (390 rooms) with a planned 375-room tower and 40K SF of convention space
• Future HCA Hospital (±57 acres)
• Station Casinos acquired ±126 AC of land on Cactus Ave. & Las Vegas Blvd.
Surrounded By Affluent Neighborhoods | Excellent Demographics
• The property services nearby affluent neighborhoods such as Southern Highlands, Mountain’s Edge, and Rhodes Ranch
• Located in a mature and dense trade area with ±277,434 residents with average household incomes of ±$117,113 within a 5-mile radius
Loan History
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