Listed by R.O.I. Commercial Real Estate, Inc., R.O.I. Commercial Real Estate, Inc. Las Vegas
$4,689,000
280 E Flamingo Rd
Details
APN 162-12-401-007
Property Type Retail
Sub Type Storefront
Square Footage 8,190
Units 5
Cap Rate 6.00%
NOI $281,341
Occupancy 100%
Tenancy Multi
Brand/Tenant Smoke World, Sunshine Foot Massage
Lease Type NNN
Class A
Year Built 2002 and 2018
Buildings 2
Stories 1
Acreage 0.900
Zoning Commercial Resort
Investment Type Stabilized
Ground Lease Yes
Retail | 6.00% CAP | 8,190 SqFt
Marketing description
The Boyer-Civish Retail Group at ROI Commercial Real Estate is pleased to present the opportunity to acquire a ±8,190 SF multi-tenant retail center strategically located along Flamingo Road near Howard Hughes Parkway and just east of the world-famous Las Vegas Strip, this asset offers exceptional visibility and access within one of the city’s most dynamic commercial corridors.
The property provides investors with a stable, long-term income stream and minimal management responsibilities. The site benefits from strong surrounding demand drivers, including major resorts, the Las Vegas Convention Center, future F1 Merchandise Store, and the 63-acre Hughes Center - a premier Class A office campus featuring an established “restaurant row.”
This property has excellent exposure to Flamingo Road, a major east-west arterial with traffic counts exceeding 41,500 vehicles per day, and serves a dense, affluent trade area with a population of more than 398,000 residents within a five-mile radius. This prime infill location and diverse tenant mix make 280 E. Flamingo Road a rare opportunity to acquire a high-performing multi-tenant retail investment in the heart of Las Vegas.
Investment highlights
- Premier Las Vegas Location: Situated just east of the Las Vegas Strip near Howard Hughes Parkway, offering exceptional visibility and accessibility.
- Multi-Tenant Retail Pad: ±8,190 SF building with a diverse tenant mix providing income stability and reduced risk exposure
- Long Term Ground Lease: Long-term ground lease structure with minimal landlord responsibilities. 74 years remaining on Ground Lease, including seven (7) ten (10) year extension options.
- High Traffic Counts: Located along Flamingo Road, a major east-west thoroughfare with over 41,500 vehicles per day
- Proximity to Major Demand Drivers: Adjacent to Lawry’s Prime Rib Restaurant and the 63-acre Hughes Center, a premier Class A office and dining destination.
- Dense, Affluent Trade Area: Nearly 398,000 residents within a five-mile radius, supported by strong 146,544 daytime employment (within 3 mile radius) and tourism.
- Strategic Infill Location: Surrounded by retail, hospitality, and office uses that sustain consistent consumer traffic year-round.
- Investment Stability: Established tenants and long-term leases offer reliable cash flow in one of the nation’s strongest retail markets.
Listing Contacts
Listed by R.O.I. Commercial Real Estate, Inc., R.O.I. Commercial Real Estate, Inc. Las Vegas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$281,341.00
$23,445.08/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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