Flamingo Eastern Retail Center
Retail Center | Investment Opportunity | 57,884 SqFt
Marketing description
LOGIC Commercial Real Estate proudly presents Flamingo Eastern – Retail Center, a ± 57,884 SF shopping center built in 1975 (strip), 2004 (Jr Box), 2005 (retail pad), and 2013 (McDonald's) in the business-friendly Las Vegas MSA "Central East" submarket. Currently 100% occupied, this center boasts a robust mix of national, regional, and local tenants, including State Farm, Dunkin' Donuts, Check City, Urgent Care, T Mobile, McDonald's, and Red Lobster (NAP), etc. The retail center's grocery tenant, Mariana's Supermarket, pays rent until its lease expiration at the end of June 2026. The Hispanic grocer needs a larger footprint and is moving to a 45,000 SF box elsewhere in the corridor.
Strategically positioned at the Southwest corner of Flamingo Road and Eastern Avenue, Flamingo Eastern – Retail Center benefits from excellent visibility and high combined traffic counts of approximately 82,500 vehicles daily. This prime location serves a substantial population of about 444,132 residents within a 5-mile radius, boasting an impressive average household income of $78,746. The retail center's accessibility and strong demographics, combined with its proximity to significant residential and retail developments, position it favorably for sustained growth and increased foot traffic in the years to come.
Flamingo Eastern – Retail Center stands at the nexus of historical Las Vegas residential developments. The retail center is strategically located near The Las Vegas Country Club and Las Vegas National Golf Course. The retail center is also close to the world-famous Las Vegas "Strip," Las Vegas Convention Center, University of Nevada, Las Vegas (UNLV), The Boulevard, and more professional and medical office buildings.
Investment highlights
Rare investment opportunity for fee-simple ownership of a 100% occupied ± 57,884 SF shopping center at one of the busiest intersections in the Las Vegas Valley.
Flamingo Eastern Plaza is a ± 57,884 SF shopping center situated at the SWC of Flamingo Road and Eastern Avenue with a combined ± 80,000 VPD accessible via eight ingress/egress paths.
The shopping center's tenants include a diverse group of national, regional and local tenants including McDonald's, Dunkin Donuts, Mariana's Supermarket, Check City, Urgent Care, T Mobile, Red Lobster (NAP) and others.
Mariana's Supermarkets (junior box) lease expires at the end of June 2026. Buyer benefits from a current grocery tenant paying over $45K in rent per month until the lease expiration date of June 30, 2026.
Additional benefits for Shopping Center include:
Large pylon signs (2) located on Eastern Avenue and Flamingo Road. Buyer can increase the property's income by charging new tenants pylon sign fees
Electronic message unit on Flamingo Road
Excess parking
Close proximity to Las Vegas Strip, UNLV, Harry Reid International Airport, and Sunrise Medical Center
± 444,132 population with average household income of over $78,746 within a 5-mile radius
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