7664 Lake Mead BlvdLas Vegas, NV 89128

Property Details for 7664 Lake Mead Blvd

Year built

1999

Lot size

1.09 AC

Property size (Sq ft)

12,172 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1965

Longitude

-115.262

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