2987 N Las Vegas Blvd.
PRICE RECENTLY REDUCED! SELLER IS MOTIVATED!
Marketing description
PRICE RECENTLY REDUCED! SELLER IS MOTIVATED!
Flexible Seller Financing Available - Contact broker for details
Colliers is pleased to exclusively offer for sale 2987 Las Vegas Boulevard North, a ±50,358 square foot flex industrial/retail asset situated on a ±3.8 acre site boasting 430 linear feet of frontage on Las Vegas Boulevard. Previously home to Supermercado del Pueblo, the property benefits from a new 5-year master lease backed by a proven operator and presents investors with a unique value-add opportunity through redevelopment and/or mark-to-market rent upside as the master lease expires. With its flexible zoning, prominent Las Vegas Blvd frontage and convenient access to major highways, the asset is well-positioned to serve a variety of commercial uses.
Investment highlights
Stabilized Asset with Redevelopment and/or Mark-to-Market Rent Upside
The property benefits from a new Absolute NNN 5-year master lease backed by a proven operator
Value-Add Upside through redevelopment and/or mark-to-market rent upside upon expiration of the master lease
Versatile Redevelopment Potential
With its flexible zoning, prominent Las Vegas Blvd. frontage and convenient access to major highways, the asset is well-positioned to serve a variety of commercial uses including retail pads and/or industrial manufacturing/distribution
Strong Traffic, Excellent Visibility and Regional Access
The property features ±430 linear feet of prominent frontage on N. Las Vegas Boulevard and benefits from strong traffic counts exceeding ±39,900 VPD
Situated less than 2-miles from the I-15 (±186,000 VPD), the site offers convenient freeway access
Dynamic North Las Vegas Submarket Growth
The North Las Vegas submarket is experiencing robust expansion, fueled by increasing demand across retail, industrial, and logistics sectors along with nationally recognized population growth
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