Bianca Plaza
$9,200,000
2971 South Sammy Davis Junior Drive, Las Vegas, NV 89109
5.5
Cap Rate
504,149
NOI
Details:
Highlights:
- Rare Value-Add Las Vegas Strip Adjacent Retail Center
- Located in the heart of the Las Vegas Resort & Tourism Corridor
- Excellent Access for Tourists & Locals
- Adjacent to Several Major Developments
- Diverse Tenant-Mix
Description:
Bianca Plaza is a vibrant retail center located just steps away from the world-famous Las Vegas Strip. The center is directly across from Las Vegas’ most iconic destinations, including Resorts World, Circus Circus Hotel & Casino, the Adventuredome Amusement Park, Fontainebleau Hotel & Casino, MSG Sphere, and the Las Vegas Convention Center. Strategically positioned at the signalized intersection of Sammy Davis Jr. Drive and Resorts World Drive, with traffic counts in excess of ±39,000 VPD, the site benefits from additional visibility to the I-15 Freeway with an additional ±236,000 VPD. The property is just north of the Fashion Show Mall and the Chinatown Las Vegas / Asian District – both thriving destinations for locals and tourists.
Offered at 85% occupancy, Bianca Plaza presents investors with a value-add opportunity with below market rents and four vacant suites. Bianca Plaza is home to a diverse mix of tenants providing a variety of service-based amenities, including the recently opened Naughty Angel Restaurant, Tattoo Shop, Barbershop, Alterations, Print Shop, Smoke Shop, Spa, and Hookah Lounge. Its prime location benefits from a strong daytime population of ±393,795 consumers within a 3-mile radius. This property is an ideal location for investors looking to capitalize on the vibrant Las Vegas market.
Documents:
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Offering Memorandum
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Location
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