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For Sale
1924-1960 N Decatur Blvd - Las Vegas, NV 89108
Property Highlights
- Decatur Square Shopping Center is a 16,515 SF Retail center sitting on 1.00 acres of land constructed in 1989
- Hard signalized intersection of Decatur Boulevard and Lake Mead Boulevard | Traffic counts of 106,500 VPD
- Decatur Square is fully occupied by food and services, internet-resistant tenants who have thrived at the location for many years, including Mi Pueblo Taco, Walls Gourmet Foods and others, all on Triple Net leases
- The 5-mile population is 483,388 and the Average Household income is $70,387
- 25% of the leases are expiring within the next year, whose rents are below market at $1.42/SF, offering an immediate upside for the potential investor
- The property is surrounded by national retailers and tourist destinations: Walmart Supercenter, Best Buy, Whole Foods, Meadows Mall, Chick-Fil-A, In-N-Out Burger, Raising Cane’s Chicken Fingers, Albertsons, Mountain View Hospital, College of Southern Nevada Campus
Details
- Price: $3,700,000
- Year Built: 1989
- Property Type: Multi-Tenant
- Property Status: For Sale
Additional Details
- Price/SF: $224.04
- Cap Rate: 6.58%
- Rentable Area: 16,515 SF
- Lot Size: 1.00 AC
- Parking Ratio: 3.14/1,000 SF
- Zoning : Commercial
- APN/Parcel ID: 139-19-301-006
- Cross Streets: N Decatur Blvd & W Lake Mead Blvd
Address
Open on Google Maps- Address 1924-1960 N Decatur Blvd
- City Las Vegas
- State/county Nevada
- Zip/Postal Code 89108
