Pep Boys Value-Add Opportunity

Highlights:

• Strategic Location with High Visibility: Positioned along E. Tropicana Ave., benefiting from daily traffic counts of approximately 56,000 VPD, with convenient access to US-95 Freeway (161,000 VPD), enhancing accessibility for tenants and customers.
• Strong Market Fundamentals: Situated in a densely populated trade area with over 430,000 residents and an average household income exceeding $79,000 within a 5-mile radius, supporting strong consumer demand.
• Attractive Owner-User or Investment Opportunity: ±11,110 SF of available space, ideal for an owner-user or retenanting opportunity, within a multi-tenant structure where Pep Boys Auto occupies a portion of the building under a long-term lease.
• Ample On-Site Parking & Flexible Layout: 72 dedicated parking spaces for customer and employee convenience, with an end-cap retail space featuring an open floor plan and grade-level roll-up door, allowing for diverse tenant uses.
• Proven Retail Corridor: Surrounded by national and regional retailers, driving consistent customer traffic and reinforcing long-term viability for retail tenants.
• Favorable Business Climate: Located in business-friendly Nevada, with no corporate income tax, franchise tax, or personal income tax, making it an attractive investment environment.

Description:

Bang Realty is pleased to present the exclusive listing for a Pep Boys Value-Add Opportunity located at 4670 E Tropicana Ave, Las Vegas, NV 89121. The site consists of roughly 20,944 rentable square feet of building space on an estimated 2.13-acre parcel of land. The Pep Boys is subject to a 10-year Double Net lease, which commenced 8/1/2023. The current annual rent is $131,950 and has scheduled increases of 1.50% annually.

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