Sunset Pecos Plaza | Las Vegas, NV

3460 East Sunset Road, Las Vegas, NV

$8,450,000

Price

6.5%

Cap Rate

$549,481

NOI

Overview
Cap Rate
6.5%
NOI
$549,481
Building Size
36,412 sqft
Lot Area
2.95 acres
Occupancy
88%
Lease Type
Triple Net
Year Built
1997
Price Per Sqft
$232
Zoning
Designed Manufacturing (M-D), Clark County
Tenancy
Multiple
Year Last Renovated
2013
Investment Strategy
Value Add
Description

LOGIC Commercial Real Estate is pleased to offer for sale Sunset Pecos Plaza (the ‘Property’), a +/- 36,412 SF multi-tenant retail property built in 1997 within a mature and dense trade area of Las Vegas, NV. The property is situated at the signalized northeast corner of E. Sunset Rd. and S. Pecos Rd., boasting over +/- 53,000 CPD and strategically located within close proximity to the Las Vegas Strip, McCarran International Airport, and UNLV. The asset services a population of +/- 417,000 residents living within a 5-mile radius with average household incomes of +/- $74,000. Delivered at 88% occupancy, Sunset Pecos Plaza presents investors with immediate value-add upside through lease-up of the remaining vacancies.

Highlights
  • VALUE-ADD OPPORTUNITY
  • STRATEGIC LOCATION
  • STRONG TRAFFIC COUNTS
  • MAJOR POINTS OF DESTINATION
  • STARBUCKS CO-TENANCY
  • INTERNET RESISTANT TENANT MIX
Documents
Title
Sunset_Pecos_OM_12.4.19.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.

Location
Gallery