This Retail Property is Off-Market.

4650 W Tropicana Ave.
Las Vegas, NV 89103 ·

29,735 SF · Retail For Sale

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Trocam Plaza

Price N/A Occupancy 95%
Gross Leasable Area 29,735 SF No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center Year Built 2002
Property Use Type Investment Lot Size 2.52 AC
Commission Split 1.5% APN / Parcel ID 16219401013
Cap Rate 7% Parking Ratio 4 / 1,000 SF
Listing ID: 15964421 Date Created: 10/28/2008 Last Updated: 12/16/2008

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".

Highlights

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

Research

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

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