Tropical Gardens | Las Vegas, NV

5020 - 5030 E. Tropicana Avenue, Las Vegas, NV 89122

Description

 

The subject property consists of two separate properties that sit on 1.65 acres.. The inline retail space is approximately 16,509 +/- sf and multi-tenant pad building in front is approximately 4,500 +/- sf. The tenant mix includes long-term and short-term local and national tenants. Great center with actual vacancy of 8%. Tenants include: Little Caesar's Pizza, Rose's dog Grooming, Sylvia's Beauty Salon and The Water Bottle. Traffic count shows 27,000 +/- cars per day!

Long and Short Term Leases; Great location; Good Parking; National Tenants; 27,000 +/- Cars per day; Traffic Controlled Corner

Tropical Gardens
Retail Property

Price: $

Gross Leasable Area: 21,009 SF

Price/SF: $

Property Type: Retail

Property Sub-type: Strip Center

Property Use Type: Investment

Cap Rate: 6.23%

Occupancy: 90%

No. Stories: 1

Tenancy: Multiple

Year Built: 1988

Lot Size: 1.65 AC

APN / Parcel ID: 161-21-411-064; 064

Listing ID: 19468759

Last Updated: 

Long and Short Term Leases

Great location

Good Parking

National Tenants

27,000 +/- Cars per day

Traffic Controlled Corner

Location Description

Tropical Gardens is located on the traffic controlled northeast corner of Tropicana and Nellis with curb cuts on both streets. The location gives great access to both Boulder Highway and US 95. Located in the eastern submarket, this center is surrounded by housing and services.

Financial Summary

Year: 2015 Proforma

Scheduled Gross Income: $277,308

Effective Gross Income: $247,577

Operating Expenses: $106,114

Net Operating Income: $266,612

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ELAND INVESTMENT

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