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7501 Lake Mead BlvdLas Vegas, NV 89128

High-traffic Las Vegas retail center, 99% leased.

Overview

Added:
Dec 11, 2024
Days on market:
117
Summerhill Plaza, located at 7501 W Lake Mead Blvd, Las Vegas, NV 89128, presents a compelling investment opportunity in a prime location within Clark County. This retail center boasts a 99% occupancy rate, generating a secure and consistent income stream. The property's strategic position at the intersection of W Lake Mead Blvd (31,000+ ADT) and Buffalo Dr (42,000+ ADT) ensures high visibility and accessibility, attracting over 5,000 daily visitors. Six convenient access points further enhance customer convenience. The center is anchored by EOS Fitness, which recently completed a full remodel and signed a new 15-year lease, and also features Sola Salons, also with a 15-year lease, Starbucks, and Einstein Bros Bagels. These national tenants, along with others, contribute to a diverse and balanced retail environment. Over 80% of tenants have occupied the space for over a decade, demonstrating the property's enduring appeal. The surrounding area is characterized by affluent residential communities, including Summerlin and South Shores, with average incomes within a 3-mile and 5-mile radius exceeding $90,000 and $100,000 respectively, and projected to increase further by 2029. This strong demographic profile provides a robust customer base with significant purchasing power. The property's exceptional location, high occupancy, strong tenant mix, and affluent surrounding demographics make Summerhill Plaza an attractive investment opportunity with significant long-term potential.

Highlights

  • Summerhill Plaza, 7501 W Lake Mead Blvd, Las Vegas, NV 89128.
  • 99% occupancy rate provides a stable income stream.
  • High-traffic location at W Lake Mead Blvd (31,000+ ADT) and Buffalo Dr (42,000+ ADT) with six access points.
  • Anchored by EOS Fitness (new 15-year lease) and Sola Salons (15-year lease), plus Starbucks and Einstein Bros Bagels.
  • Strong tenant base with over 80% occupying for over 10 years, situated near affluent residential communities (Summerlin & South Shores) with high average household incomes exceeding $90,000 within 3 miles and $100,000 within 5 miles.

Property Details for 7501 Lake Mead Blvd

Property type
Lifestyle centers, Power centers

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.195016962754
Longitude
-115.25842165153
7501 Lake Mead Blvd, Las Vegas, Nevada

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7501 Lake Mead Blvd
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