Decatur Plaza
$2,700,000
5355 South Decatur Boulevard, Las Vegas, NV 89118
6.04
Cap Rate
163,056
NOI
Details:
Highlights:
- Domino’s Pizza (NASDAQ: DPZ) has operated at this location for over 24 years
- Long-Term Tenancy & Ease of Management
- Below Market Rents
- Strategically Located With Excellent Access & Visibility
- Centrally located near Allegiant Stadium and the Las Vegas Strip
Description:
Decatur Plaza is 100% occupied by a stable, service-oriented tenant lineup led by Domino’s Pizza (NASDAQ: DPZ), a publicly traded national credit tenant that has operated at this location for over 26 years, since 2000. The property boasts exceptional tenant longevity, with Smog Busters in place since 2001, and Peacemakers Firearms since 2013. This proven history of long-term tenancy and organic growth reflects the strength and demand within the trade area. All tenants are internet-resistant and provide daily-needs services, positioning the asset for long-term durability. Rents are currently below market, offering investors a clear path to upside through mark-to-market leasing. The center benefits from strategic proximity to high-traffic co-tenants including Home Depot, EOS Fitness, and International Marketplace, as well as major hospitality drivers such as The Orleans (1,886 rooms), Otonomus Hotel (303 rooms), and Hilton Grand Vacation Club (148 rooms).
Location
Gallery