Town Square
- $5,767,623
Property Highlights
- Nationally High-Performing 7-Eleven & Fuel Component: The offering includes a 7-Eleven with four fuel pumps located on the same parcel. According to Placer.ai, the store ranks among the top-performing 7-Eleven locations in the country, creating a powerful daily traffic generator for the overall property.
- Dense, Established Consumer Base: The property serves approximately 229,263 residents within three miles, while the surrounding one-mile trade area reports an average household income of approximately $63,957, supporting durable demand for necessity- and service-oriented retail.
- 2,700+ Planned Residential Units Within a 3-Mile Radius: Combined, the Desert Pines and Lennar developments represent more than 2,700 planned new residences within the surrounding East Las Vegas corridor, providing a substantial pipeline of future households, consumer spending, traffic, and retail demand.
- Rare Combination of In-Place Stability & Embedded Rental Upside: The property offers investors stable in-place cash flow with meaningful upside potential, as current rents within the center are approximately 10% below prevailing market rates, providing an opportunity to increase NOI over time through lease renewals and mark-to-market rent growth.
- Population Boom & Demographic Expansion: Las Vegas continues to be one of the fastest-growing major metro areas in the U.S. The Las Vegas-Henderson-Paradise MSA has surged beyond 2.3 million residents, driven by net inbound migration from higher-cost West Coast markets. Sustained population growth fuels demand across retail, industrial, multifamily, and service-oriented commercial sectors
- Robust Employment & Job Creation: The region’s employment base has steadily diversified beyond gaming and hospitality to include healthcare, logistics, construction, and professional services. Major employers such as University Medical Center (UMC), Sunrise Hospital, Amazon fulfillment centers, and Nevada’s largest employers in logistics and distribution contribute to a growing workforce with steady income and spending power
- Strong Tourism & Destination Economy: Las Vegas remains a premier global tourism destination, with visitor volumes rebounding strongly post-pandemic. With over 42 million visitors annually, demand for retail, dining, entertainment, and experiential uses continues to expand — supporting commercial real estate across multiple asset classes
- Retail Demand Supported by Household Growth: As rooftops grow, so does retail demand. New residential development across Northern, Southeast, and urban infill submarkets has led to increased consumer spending. High-traffic corridors like Maryland Parkway, Eastern Ave, and Summerlin / West Henderson trade nodes remain attractive for necessity retail, QSR, automotive services, and experiential tenant
- Logistics & Industrial Expansion: Spurred by e-commerce growth and Las Vegas’ proximity to major western markets (Los Angeles, Phoenix, Salt Lake City), industrial real estate has seen significant leasing velocity and rent growth. The expansion of the I-15 logistics corridor enhances Las Vegas’ role as a regional distribution hub, increasing demand for adjacent commercial services
- Business-Friendly Tax Environment: Nevada’s lack of corporate and personal income tax remains a competitive advantage in attracting new residents, corporations, and investors. This environment continues to draw capital from higher-tax states, supporting population inflows and long-term commercial demand
- Capital Investment & Infrastructure Development: Ongoing public and private investment in infrastructure — including road improvements, transit enhancements, and redevelopment initiatives — increases accessibility and long-term desirability of commercial corridors. Projects such as the durational upgrades to Boulder Highway and expansion of key arterials continue to improve connectivity and site fundamentals for retail and service assets
- Tourism-Linked Entertainment & Mixed-Use Growth: Major mixed-use developments and entertainment projects on and off the Strip continue to drive ancillary retail and service demand. New hotel, residential, and entertainment components (including arena and resort expansions) continue to diversify the local economy and extend the visitor season, reinforcing commercial viability
- Strong Retailer Demand & Low Vacancy: Retail vacancy in key Las Vegas submarkets has tightened as tenants seek proximity to rooftops and visibility along primary corridors. QSR, automotive, convenience, and daily-needs uses remain highly sought after, particularly on infill locations with high traffic counts and demographic support
- Diversified Growth Story: Las Vegas continues to evolve from a tourism-centric economy into a diversified metropolitan market supported by healthcare, professional services, logistics, manufacturing, technology, professional sports, conventions, and large-scale residential development.
Property Documents
OM - 901-907 N Pecods Rd
Details
-
Price $5,767,623
-
Year Built 1985
-
Property Type Multi-Tenant
Additional Details
-
Cap Rate 6.88%
-
Price/SF $265.54
-
APN 139-25-601-004
-
Rentable Area 21,720 SF
-
Lot Size 2.15 AC
Address
Open on Google Maps-
Address: 901-947 N Pecos Rd
-
City: Las Vegas
-
State/county: Nevada
-
Zip/Postal Code: 89101
Other Listings
