7664 W LAKE MEAD BLVD Las Vegas NV 89128

Logic Commercial Real Estate is pleased to exclusively present the opportunity to acquire the Summergate Centre located at 7664 – 7668 W. Lake Mead Blvd., Las Vegas, NV 89128. Summergate Centre is a +/- 12,172 SF neighborhood retail center developed in 1999 within the highly desirable Summerlin master planned community of Las Vegas, NV. The asset is well positioned at the northwest corner of Lake Mead Blvd. and Buffalo Dr., within the W. Lake Mead retail corridor which services the dense and mature master planned communities of Summerlin and Desert Shores, with a 3-mile population of +/- 194,495 residents and average annual household incomes of +/- $68,856.

The property sits on a +/- 1.09 acre parcel fronting W. Lake Mead Blvd. within a mixed use development consisting of a +/- 100,000 SF office building along with additional single tenant retail pads. The center is located less than 1 mile west of the US-95 freeway and in close proximity to Mountain View Hospital, with 340 beds and over 2,600 employees, and Summerlin Hospital with 454 beds and 3,100 employees. The asset is 100% occupied with an average rental rate of $1.90 PSF NNN and current NOI of $279,891

• High Demand Area: Located In The Highly Desirable Summerlin Master Planned Community
• Strong Traffic Counts: Situated At The NWC Of Lake Mead And Buffalo With Combined Traffic Counts Exceeding +/- 79,000 CPD
• Stabilized Shopping Center: 100% Occupied Shopping Center.
• Ease Of Management: 6 Tenant Center Consisting Of National, Regional And Local Tenants
• Excellent Visibility: This Center Features High Quality Construction With Strong Curb Appeal And Excellent Visibility To Lake Mead Blvd
• Staggering Lease Expiration: Tenant Lease Expirations Are Staggered Over Next 8 Years
• Flexible Financing Options: No Existing Debt Assumption Requirements.