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Trocam Plaza

4650 W Tropicana Ave., Las Vegas, NV 89103

N/A

29,735 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
29,735 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Property Use Type:
Investment
Commission Split:
1.5%
Cap Rate:
7%
Occupancy:
95%
No. Stories:
1
Tenancy:
Multiple
Year Built:
2002
Lot Size:
2.52 AC
APN / Parcel ID:
16219401013
Parking Ratio:
4 / 1,000 SF
Listing ID
15964421
Last Updated
over 1 year ago

Highlights

  • High Traffic Counts
  • Excellent Exposure
  • Low Interest Rate of 5.05%
  • 95% Occupancy
  • Great Demographics
  • 1.25 miles from Las Vegas Strip

Description

Assume low interest loan at 5.08% with principal balance of $7,000,000 yielding high cash on cash return @ 8%. Excellent investment opportunity with 95% occupancy, built in 2002 on heavy traffic street. Orleans hotel directly to the east of subject property with gas station on hard corner of Tropicana and Cameron. McMillians Pub, Panda Express and Verizon Wireless are major tenants.

NWC of Tropicana Ave. and Cameron Street which is 1 mile West of I-15 ramps and 1.25 miles West of world famous "Las Vegas Strip".

Map of 4650 W Tropicana Ave., Las Vegas, NV 89103 (Clark County)

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