Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Spanish Trail Retail Center, a 9,812 square foot Dunkin Donuts Anchored Retail Center in Las Vegas, NV.
Dustin R. Alvino, First Vice President of Investments at Marcus & Millichap’s Las Vegas office exclusively represented the seller in this transaction. The asset, located at 6795 W Tropicana Ave, sold for $3,500,000. The property boasts 100% occupancy with 5-tenants and resides within a mixed-use business park fronting Tropicana Ave. The population within a 5-mile radius exceeds 383,000 and is exposed to over 36,000 vehicles per day on Tropicana Ave and over 48,500 on Rainbow Blvd.
For more information regarding the sale of Spanish Trail Retail Center or if you have any other questions relating to net lease investments, please do not hesitate to reach out to Dustin R. Alvino.
Dustin R. Alvino | (702) 215-7120