Sandhill Square

4130-4180 S. Sandhill Rd, Las Vegas, NV

Market Price

Price

49,450 sqft

Building Size

3.6 acres

Lot Area

Overview
Building Size
49,450 sqft
Lot Area
3.6 acres
Occupancy
63.5%
Year Built
1986
Zoning
C-2 General Commercial
Tenancy
Multiple
Investment Strategy
Value Add
Description

Link to auction site: www.Ten-X.com

Property tours will be available by appointment only. Please contact the listing broker to schedule a tour.

LOGIC Commercial Real Estate, in conjunction with Ten-X, is pleased to offer for sale Sandhill Square (“The Property”). Sandhill Square is a +/- 49,450 SF neighborhood retail center developed in 1986 within a dense and mature suburb of Las Vegas, NV. The subject property is located at the northwest corner of E. Flamingo Rd. and S. Sandhill Rd., boasting over 65,500 CPD, and is positioned immediately west of the W. Flamingo & US-95 freeway interchange (143,000 CPD). The asset benefits from co-tenancy with Starbucks (NAP) and services a 5-mile population of +/- 473,340 residents with average annual household incomes of +/- $60,703. Delivered at 63.50% occupancy, Sandhill Square presents investors with immediate value-add upside through lease-up of the remaining vacancies.

Highlights
  • HIGH TRAFFIC LOCATION: Sandhill Square benefits from frontage and visibility to both E. Flamingo Rd. (44,500 CPD) and S. Sandhill Rd. (16,000 CPD), with traffic counts in excess of 65,000 CPD at the intersection.
  • FREEWAY ADJACENT: Sandhill Square is positioned immediately west of the E. Flamingo & US HWY 95 freeway interchange, with traffic counts in excess of 143,000 CPD.
  • DENSE and MATURE TRADE AREA: Sandhill Square services a 5-mile a population of +/- 473,340 with average annual household incomes of $60,703.
  • STARBUCKS CO-TENANCY: Starbucks (NAP) is situated on a prominent end-cap drive-through which drives consistent daily traffic to the asset.
  • VALUE-ADD OPPORTUNITY: Delivered at 63% occupancy, Sandhill Square presents investors with immediate value-add upside through lease-up of the remaining vacancies.
Documents
Title
4120_-_4180_Sandhill_OM_1.pdf
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Location
Gallery