Pep Boys Value-Add Opportunity
Retail | 3.83% CAP | 20,944 SqFt
Marketing description
Bang Realty is pleased to present the exclusive listing for a Pep Boys Value-Add Opportunity located at 4670 E Tropicana Ave, Las Vegas, NV 89121. The site consists of roughly 20,944 rentable square feet of building space on an estimated 2.13-acre parcel of land. The Pep Boys is subject to a 10-year Double Net lease, which commenced 8/1/2023. The current annual rent is $264,561 and has scheduled increases of 1.50% annually.
Investment highlights
Strategic Location with High Visibility Positioned along E. Tropicana Ave., benefiting from daily traffic counts of approximately 56,000 VPD, with convenient access to US-95 Freeway (161,000 VPD), enhancing accessibility for tenants and customers.
Strong Market Fundamentals Situated in a densely populated trade area with over 430,000 residents and an average household income exceeding $79,000 within a 5-mile radius, supporting strong consumer demand.
Attractive Owner-User or Investment Opportunity ±11,110 SF of available space, ideal for an owner-user or retenanting opportunity, within a multi-tenant structure where Pep Boys Auto occupies a portion of the building under a long-term lease.
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