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Shopping Strip

Decatur Square Shopping Center

1924 N Decatur Blvd, Las Vegas, NV 89108

Listing Price: $3,700,000

Cap Rate
6.58%
Rentable SF
16,515
Lot Size
1.17 acres
Year Built
1989

Investment Overview

We are pleased to present Decatur Square Shopping Center, a stabilized multi-tenant investment opportunity in the city of Las Vegas, Nevada. The property is located at the hard signalized intersection of Decatur Boulevard and Lakemead Boulevard, where the combined traffic is 106,500 cars per day passing by the property. Situated on a 1.00 Acre parcel, Decatur Square is fully occupied by food and services, internet-resistant tenants who have thrived at the location for many years, including Mi Pueblo Taco, Walls Gourmet Foods and others, all on Triple Net leases. 25% of the leases are expiring within the next year, whose rents are below market at $1.42/SF, offering an immediate upside for the potential investor. Located on Lake Mead Blvd and Decatur Blvd, two main thoroughfares of the city, the property is surrounded by national retailers and tourist destinations: Walmart Supercenter, Best Buy, Whole Foods, Meadows Mall, Chick-Fil-A, In-NOut Burger, Raising Cane’s Chicken Fingers, Albertsons, Mountain View Hospital, College of Southern Nevada Campus. It is only just Four Miles from the Last Vegas Strip, the Entertainment Capital of the world, that receives over 38.8 million annual visitors, guaranteeing traffic and demand for this type of space and exposure. Las Vegas is an internationally renowned major resort city, known primarily for its resorts, shopping, fine dining, entertainment, and nightlife. The Las Vegas Valley as serves as the leading financial, commercial, and cultural center for Nevada. The city bills itself as the Entertainment Capital of the World, and is famous for its luxurious and extremely large casino-hotels, not seen anywhere else in the world. It is a top three destination in the United States claiming more AAA Five Diamond hotels than any other city in the world. Today, Las Vegas annually ranks as one of the world’s most visited tourist destinations. The economy of Las Vegas, Nevada not only attracts people from all over the world but also generate employment opportunities for locals. Notable investment into construction and infrastructure has bolstered job growth while specialty companies such as space-tech start ups have created unique employment prospects in recent years.

Investment Highlights

  • Decatur Square Shopping Center is located at the corner of N Decatur Blvd and Lake Mead Blvd, on a 1-acre parcel.
  • The property is 100% leased to essential-based retail tenants with below market rents.
  • The combined traffic count is 106,500 cars per day at the intersection.

Exclusively Listed By

  • Dustin R. Alvino

    Senior Vice President Investments

    (702) 215-7120

    Email Dustin

    License(s): NV: BS.0143692, NJ: 2294556

    Las Vegas

Broker of Record

  • Cameron Glinton

    Regional Manager

    (702) 215-7100

    License(s) NV: B.1002894.CORP

    Nevada

Financing By

Shopping Strip

Decatur Square Shopping Center

Listing Price: $3,700,000

Cap Rate
6.58%
Rentable SF
16,515
Lot Size
1.17 acres
Year Built
1989

Investment Highlights

  • Decatur Square Shopping Center is located at the corner of N Decatur Blvd and Lake Mead Blvd, on a 1-acre parcel.
  • The property is 100% leased to essential-based retail tenants with below market rents.
  • The combined traffic count is 106,500 cars per day at the intersection.

Investment Overview

We are pleased to present Decatur Square Shopping Center, a stabilized multi-tenant investment opportunity in the city of Las Vegas, Nevada. The property is located at the hard signalized intersection of Decatur Boulevard and Lakemead Boulevard, where the combined traffic is 106,500 cars per day passing by the property. Situated on a 1.00 Acre parcel, Decatur Square is fully occupied by food and services, internet-resistant tenants who have thrived at the location for many years, including Mi Pueblo Taco, Walls Gourmet Foods and others, all on Triple Net leases. 25% of the leases are expiring within the next year, whose rents are below market at $1.42/SF, offering an immediate upside for the potential investor. Located on Lake Mead Blvd and Decatur Blvd, two main thoroughfares of the city, the property is surrounded by national retailers and tourist destinations: Walmart Supercenter, Best Buy, Whole Foods, Meadows Mall, Chick-Fil-A, In-NOut Burger, Raising Cane’s Chicken Fingers, Albertsons, Mountain View Hospital, College of Southern Nevada Campus. It is only just Four Miles from the Last Vegas Strip, the Entertainment Capital of the world, that receives over 38.8 million annual visitors, guaranteeing traffic and demand for this type of space and exposure. Las Vegas is an internationally renowned major resort city, known primarily for its resorts, shopping, fine dining, entertainment, and nightlife. The Las Vegas Valley as serves as the leading financial, commercial, and cultural center for Nevada. The city bills itself as the Entertainment Capital of the World, and is famous for its luxurious and extremely large casino-hotels, not seen anywhere else in the world. It is a top three destination in the United States claiming more AAA Five Diamond hotels than any other city in the world. Today, Las Vegas annually ranks as one of the world’s most visited tourist destinations. The economy of Las Vegas, Nevada not only attracts people from all over the world but also generate employment opportunities for locals. Notable investment into construction and infrastructure has bolstered job growth while specialty companies such as space-tech start ups have created unique employment prospects in recent years.

Exclusively Listed By

  • Dustin R. Alvino

    Senior Vice President Investments

    (702) 215-7120

    Email Dustin

    License(s): NV: BS.0143692, NJ: 2294556

    Las Vegas

Broker of Record

  • Cameron Glinton

    Regional Manager

    (702) 215-7100

    License(s): NV: B.1002894.CORP

    Nevada

Financing By

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