ROQ Plaza
100% Occupied Inline Strip Building with Long-Term Leases Featuring Annual Rental Increases
Marketing description
100% occupied inline strip building with long-term leases featuring 3% annual rental increases. The subject property is part of a 5-parcel retail development which includes Starbucks, USA Auto, Conoco Phillips, and a future dermatology office.
Investment highlights
100% occupied inline strip center with long-term leases featuring 3% annual rental increases
Brand-new 2025 construction
100% pre-leased during construction with multiple tenants that were unable to get space here
Part of a 5-property retail development located at S Rainbow Blvd & W Oquendo Rd exposed to significant traffic counts – 50,000+ VPD
Owner of this inline strip parcel is the declarant for the entire development
Carmine’s spending $500K of their own money on 790 SF expansion/build out
US Military anchored with expanding users that have existing locations or significant experience operating in Vegas, including medical, restaurant, and other services
Over 50% of the tenants signed 10-year leases showing long-term dedication to the center and 7 of the 8 tenants have 3% annual rental increases providing a significant hedge against inflation
Less than 2% retail submarket vacancy in this quadrant of Vegas
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