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19150196
19150197

3011 W Lake Mead Blvd, North Las Vegas, NV 89032

MDL Group
MG
NV 0186326
MDL Group
LR
NV 0188531
MDL Group
Listed by MDL Group
$1,800,000
689 days on market
Updated 67 days ago
Opportunity zone

3011 West Lake Mead

Details
APN 139-20-210-003
Property Type Retail
Sub Type Grocery Store, Restaurant
Square Footage 5,500
Cap Rate 6.82%
NOI $122,748
Price per SqFt $327
Stories 1
Zoning C-1

Retail | 6.82% CAP | 5,500 SqFt

Marketing description

MDL Group is pleased to offer for sale 3011 W. Lake Mead Blvd. (the Property). The Property is a ±5,500 SF retail shopping center located near the intersection of Lake Mead and Simmons. The property is anchored by Domino’s Pizza and also includes a commissary kitchen, smoke shop, and beauty salon. The retail center is also in close proximity to Wal-Mart and a large mixed-use redevelopment project on Rancho & Lake Mead Blvd.

3011 W. Lake Mead is located in the Central West retail submarket and only 2 miles north of the US-95. The new Martin Luther King interchange at US-95 makes this property minutes from Downtown Las Vegas. Additionally, the North Las Vegas Airport is nearby. The property is in close proximity to the former Fiesta Rancho and Texas Station Casino sites with plans for a large mixed-use redevelopment project. Plans for the project include new housing with up to 655 units, a grocery store, a new hotel, outdoor recreation, retail stores, a childcare center, and restaurants.

Investment highlights

  • Zoning: C-1

  • Pylon signage available

  • Co-tenants including Domino's Pizza, a beauty salon, and a smoke shop

  • Close proximity to a large mixed-use redevelopment project which includes new housing with up to 655 units, a grocery store, a new hotel, outdoor recreation, retail stores, a childcare center, and restaurants

  • Close to US-95 and I-15 Interchange

Listing Contacts

MDL Group
MG
NV 0186326
MDL Group
LR
NV 0188531
MDL Group
Listed by MDL Group

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$122,748.00
$10,229.00/mo

Valuation Metrics

0
DSCR
6.82%
Cap Rate
6.82%
ROI

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Additional Information

Name
Hayim Mizrachi, SIOR, CCIM
License
NV 143643
Brokerage Phone
702-340-9600
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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