Tropicana/Nellis Retail Plaza - Space Availability

For Sale$3,750,000

5020 East Tropicana Avenue, Las Vegas, NV 89122

  • Retail
  • Strip Center
  • Tropicana/Nellis Retail Plaza
  • Tropicana/Nellis Retail Plaza
  • +4 images Tropicana/Nellis Retail Plaza

Tropicana/Nellis Retail Plaza, Las Vegas, NV 89122 - Retail Space

Tropicana/Nellis Retail Plaza is located at 5020 East Tropicana Avenue in the Whitney neighborhood, NV, Las Vegas, 89122. The Retail building was completed in 1988 and features a total of 21,015 Sqft.

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Details

  • Sale Price $3,750,000
  • City Las Vegas
  • Neighborhood Whitney
  • Zip Code 89122
  • Market Las Vegas
  • Property Type Retail - Strip Center
  • Building Size 21,015 Sqft
  • Lot Size 1.64 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1988

Description

Historically high occupancy retail strip center in East Las Vegas, situated upon 1.65 acres of land located within a heavily dense retail and residential corridor. With a high performing Circle K outparcel (not a part of the offering), this value-add retail center offers a valuable mix of grocery and convenience item tenants, as well as restaurants and lifestyle options.

Seventy percent of the tenants have occupied the shopping center for more than ten years. Staggered lease terms provide opportunity for a landlord to plan efficiently and keep rental rates “at market”. Additional value can be created with the lease-up of the two vacant units totaling 2,109 square feet.

Whitney Demographics

The average household income in zip code 89122 is $56,182, from a total of 17,964 households. In terms of employment, there are 83.24 % white-collar and 16.76 % blue-collar jobs in zip code 89122.

Population

  • Total Population43,955
  • Male Population(48.7 %) 21,401
  • Female Population(51.3 %) 22,554
  • Median Age35.40

Income/Financial

  • Average Household Income$58,661
  • Median Household Income$50,070
  • Median Income Under 25$37,417
  • Median Income 25-44$51,591
  • Median Income 45-64$51,425
  • Median Income Over 65$44,969

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Attachments

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broker

Candace Bare

Marcus & Millichap

(702) 215-7125