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2987 N Las Vegas Blvd.

$8,126,000

2987 Las Vegas Boulevard North, North Las Vegas, NV 89030

Active
Last Updated: 03/03/2025

7.25

Cap Rate

589,200

NOI

Details:
Cap Rate:    7.25%
NOI:    $589,200
Building Size:    50,385 sqft
Lot Area:    3.8 acres
Occupancy:    100%
Lease Type:    Triple Net
Year Built:    1950
Zoning:    General Commercial (C-2)
Tenancy:    Multiple
Highlights:
  • Stabilized Asset with Redevelopment and/or Mark-to-Market Rent Upside
  • New Absolute NNN 5-Year Master Lease backed by a proven operator
  • Strong Traffic, Excellent Visibility and Regional Access
  • Versatile Redevelopment Potential
  • Dynamic North Las Vegas Submarket Growth
  • Flexible Seller Financing Available
Description:

Colliers is pleased to exclusively offer for sale 2987 Las Vegas Boulevard North, a ±50,358 square foot flex industrial/retail asset situated on a ±3.8 acre site boasting 430 linear feet of frontage on Las Vegas Boulevard. Previously home to Supermercado del Pueblo, the property benefits from a new 5-year master lease backed by a proven operator and presents investors with a unique value-add opportunity through redevelopment and/or mark-to-market rent upside as the master lease expires. With its flexible zoning, prominent Las Vegas Blvd frontage and convenient access to major highways, the asset is well-positioned to serve a variety of commercial uses.

Flexible Seller Financing Available - Contact broker for details

Map:
Documents:
Title
Offering Memorandum
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Location
Gallery