For Sale
$4,300,000

3421 Tropicana Ave Las Vegas, NV 89121

24,222 SF Shopping Center, 65% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
138
Pecos Center, a 24,222-square-foot shopping center in Las Vegas, Nevada, is offered at $4,300,000. Built in 1980, this retail property sits on a 1.39-acre lot (APN 16130101003) at 3421 E Tropicana Ave, Las Vegas, NV 89121, and is zoned CG. Currently 65% occupied, with an occupancy date of September 1, 2024, the center boasts a strong tenant mix including 7-Eleven, Burger King (NAP), and other local businesses. Recent capital improvements include roof repairs and upgraded LED lighting. The property benefits from high visibility and traffic counts of approximately 64,000 vehicles daily at the southeast corner of Tropicana Avenue and Pecos Road. Its prime location serves a substantial population of over 442,416 residents within a 5-mile radius, with an average household income exceeding $80,173. This value-add opportunity presents significant potential for increased NOI through leasing the vacant suites, which feature second-generation improvements. The property features prominent signage, including two pylon signs and one monument sign. Its proximity to UNLV and major transportation arteries further enhances its long-term growth prospects. This investment offers a compelling blend of established tenants, strong demographics, and significant upside potential.

Highlights

  • Value-add opportunity: 24,222 SF retail center in Las Vegas, NV, offered at $4,300,000. Currently 65% occupied, with significant upside potential through leasing vacant suites featuring second-generation improvements. Projected NOI increase in years 1 and 2.
  • Strong tenant mix: Anchored by 7-Eleven and Burger King (NAP), along with other local businesses. Prominent signage includes two pylon signs and one monument sign.
  • High-traffic location & demographics: Situated on a 1.39-acre lot (APN 16130101003) at 3421 E Tropicana Ave, with 64,000 vehicles daily. Over 442,416 residents within a 5-mile radius, average household income exceeding $80,173. Excellent visibility and access from Tropicana Avenue and Pecos Road.

Property Details for 3421 Tropicana Ave

Property type
Lifestyle centers, Power centers
Square Feet
24,222 SF
Year Built
1980
Lot Size (sq. ft)
60,548 SF

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.099950621959
Longitude
-115.10059387327

FAQs

What type of property is this?
Lifestyle center - 24,222 SF Shopping Center, 65% Occupied
Where is the lifestyle center located?
The property is located at 3421 Tropicana Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Value-add opportunity: 24,222 SF retail center in Las Vegas, NV, offered at $4,300,000. Currently 65% occupied, with significant upside potential through leasing vacant suites featuring second-generation improvements. Projected NOI increase in years 1 and 2.; Strong tenant mix: Anchored by 7-Eleven and Burger King (NAP), along with other local businesses. Prominent signage includes two pylon signs and one monument sign.; High-traffic location & demographics: Situated on a 1.39-acre lot (APN 16130101003) at 3421 E Tropicana Ave, with 64,000 vehicles daily. Over 442,416 residents within a 5-mile radius, average household income exceeding $80,173. Excellent visibility and access from Tropicana Avenue and Pecos Road.
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3421 Tropicana Ave
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