2700 South Las Vegas Blvd, Las Vegas, NV 89109

Location! Location! Location!

2700 Las Vegas Blvd. South, Suite 100, is in the heart of the world-famous Las Vegas Strip! The opportunity is on the first floor of Sky Las Vegas, a 45-story luxury condominium tower with 409 units. The high-rise property is neighbors with the Fontainebleau Las Vegas (the most recent resort to open on the strip), the iconic Circus Circus Hotel and Casino, and the Las Vegas Convention Center. Further, the property is just north of Resorts World Las Vegas, Wynn Las Vegas and Encore, and the Fashion Show Mall.

High-Traffic Location and Impressive Tourism Volume

2700 Las Vegas Blvd. South, Suite 100, benefits from its Las Vegas Strip location. The offering is in the path of growth and development, located just South of Sahara Avenue and North of Desert Inn Road. Las Vegas Boulevard "Strip" near the retail offering has an incredible 36,500 VPD. In 2024, Las Vegas had over 41 million visitors, over 5.9 million of them visiting conventions. Further, the Las Vegas Strip gaming revenue and Strip occupancy in 2024 were just over $8.8 billion and 86%, respectively.

Value-Add REO Opportunity with Buyer Optionality

Property is now REO Owned with adjusted pricing expectations and is delivering the offering as an ± 14,378 SF retail suite with a dark CVS lease in place. The CVS NNN lease produces just over $2.260 million a year of income, with a lease that expires in April 2029. The CVS lease allows an investor or owner-user the option to negotiate a lease buyout with the tenant or collect monthly rent as the Buyer plans their lease-up strategy.

A Luxury Residential Development, a Lavish Integrated Resort Neighbor, and a Nearby Robust Convention Center

The property is located in Sky Las Vegas, near the Fontainebleau Las Vegas and the Las Vegas Convention Center. Sky Las Vegas is a luxury high-rise condominium built in 2006 with 409 units. The mixed-use property has retail and housing and is situated on the north side of the Las Vegas Strip. Fontainebleau Las Vegas is a lavish integrated resort with gaming, restaurants, nightclubs, a spa, and a retail mall. It is directly across Las Vegas Boulevard from the offering and opened in December 2023. The resort development was designed by Carlos Zapata Studio and cost an impressive $3.7 billion to build. The Las Vegas Convention Center is one of the largest convention centers in the world. It has 2.5 million SF of exhibit space and is owned and operated by the Las Vegas Convention and Visitors Authority. The center hosts some of the world's most impressive conventions, including CES, SEMA, ConExpo-ConAgg, ICSC-Retail, etc.