For Sale
$5,700,000

7664 Lake Mead Blvd Las Vegas, NV 89128

Summerlin retail center, 100% occupied.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a 12,172 square foot, multi-tenant retail center in the highly desirable Summerlin area of Las Vegas, Nevada. Located at 7664 W Lake Mead Blvd, this property boasts a prime location on a high-traffic corridor, benefiting from over 45,500 vehicles per day and proximity to major roadways including US-95 and Summerlin Parkway. The center is comprised of two, single-story buildings built in 1999, situated on a 1.09-acre lot and zoned C-1. Currently 100% occupied with six tenants, including national brands like Cafe Rio and The Vision Centers, the property generates a strong net operating income (NOI) of $327,344, representing a 5.74% cap rate. The asking price is $5,700,000, or $468.29 per square foot. The staggered lease expirations and diverse tenant mix provide a stable and attractive investment profile. This property offers exceptional visibility and benefits from its location within the Summerlin master-planned community, near Desert Shores, the Northwest Medical District, and Sun City Summerlin. The property's strong financial performance, desirable location, and diverse tenant base make it an ideal investment for discerning buyers. The property features favorable assumable debt.

Highlights

  • Multi-tenant retail center in Summerlin, NV, 100% occupied with diverse tenant mix.
  • Favorable assumable debt available.
  • Strong rent roll featuring national, regional, and local tenants; staggered lease expirations.
  • Excellent Summerlin location near Desert Shores, Northwest Medical District, Sun City Summerlin, US-95, and Summerlin Parkway.
  • High-traffic, high-visibility location on Lake Mead Blvd./Buffalo Dr.

Property Details for 7664 Lake Mead Blvd

Property type
Retail properties, Retail space
Square Feet
12,172 SF
Year Built
1999
Buildings
2
Stories
1
Lot Size (sq. ft)
47,480 SF
Units
6

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.196471743535
Longitude
-115.26225901351

FAQs

What type of property is this?
Retail property - Summerlin retail center, 100% occupied.
Where is the retail property located?
The property is located at 7664 Lake Mead Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: Multi-tenant retail center in Summerlin, NV, 100% occupied with diverse tenant mix.; Favorable assumable debt available.; Strong rent roll featuring national, regional, and local tenants; staggered lease expirations.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7664 Lake Mead Blvd
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