The Cambridge Group as exclusive advisors are pleased to present the
opportunity to acquire The Square (the property), a +/- 28,129 square foot
neighborhood retail project in North Las Vegas, Nevada. The offering consists of 2
buildings with 3 different Ingress/Egress’. The shopping center is located on the
corner of Lake Mead Blvd. and McDaniel St., just off of the I-15 and Lake Mead
Blvd. giving patrons easy access off the highway.
Currently 92% leased, Seller will guarantee lease for 12 months on vacant unit if not leased by closing date. Built in 1979. Many of the tenants have a long history in the shopping center providing an investor a stable asset with successful long-term occupancy. Furthermore, The Square supports a very diverse tenant structure including a variety of retail and professional services including national brands like Pearl Vision and Cricket Wireless. The property also has one large pylon sign that is showcased to the intersection of Lake Mead and McDaniel which generates over 34,000 vehicles per day.
Recent Improvements:
Over $100,000 invested in updated heating and cooling systems
$70,000 in upgrades to the sewer system to ensure reliable infrastructure
Over $100,000 in improvements to tenant spaces
The roof was resealed in 2020
The center's pylon sign was upgraded in 2018 The Building facade upgraded in 2018.