• Broker Chris Shanks, CCIM 7758503144
  • Broker Dominic Brunetti 7752401192

Round Hill Square Shopping Center 212 Elks Point Rd 115,984 SF 100% Leased Retail Building Zephyr Cove, NV 89448 $35,400,000 ($305.21/SF) 6.61% Cap Rate

View Photo

INVESTMENT HIGHLIGHTS

  • Excellent historical occupancy with an average occupancy of over 95% over the last 10 years.
  • High Tourist Trade Area. Located at the corner of Elks Point Road and Hwy 50. (23,000 AADT).
  • Strong Anchor Tenants. Safeway is the largest tenant in the center at 39,398 square feet or 33.9% of total square footage.
  • National and Regional Tenant Mix. High percentage of national and regional credit tenants.

EXECUTIVE SUMMARY

DCG is pleased to present an opportunity to acquire a unique commercial development in the #1 ranked travel destination in the United States. The development is adjacent to two popular beaches and less than two miles from the lake’s largest concentration of hotels at Stateline—the closest retail along the Southeast side of the lake to Zephyr Cove.

ATTACHMENTS

Round Hill Square Shopping Center 1.7.25

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
115,984 SF
Building Class
B
Year Built
1998
Price
$35,400,000
Price Per SF
$305.21
Cap Rate
6.61%
NOI
$2,339,940
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
10.20 AC
Zoning
GC - General Commercial
Parking
494 Spaces (4.26 Spaces per 1,000 SF Leased)
Frontage
161’ on Elks Point Rd.

AMENITIES

  • Corner Lot
  • Signalized Intersection

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
US Hwy 50 Elks Point Rd, SE 21,232 2024 0.10 mi
Elks Point Road Hwy 50, NE 1,438 2025 0.22 mi
Elks Point Rd US Hwy 50, NE 1,338 2020 0.36 mi
Elks Point Rd Hwy 50, NE 1,438 2024 0.36 mi
Lincoln Highway Lake Tahoe Blvd, NW 17,125 2025 0.57 mi
US Hwy 50 Lake Tahoe Blvd, NW 17,246 2024 0.62 mi
Lincoln Highway Kahle Dr, S 22,000 2019 1.03 mi
US Hwy 50 Kahle Dr, S 20,134 2024 1.04 mi
Lincoln Highway Frontage Rd, E 22,449 2023 1.22 mi
US Hwy 50 4-H Rd, NE 25,453 2025 1.26 mi

NEARBY MAJOR RETAILERS

Anytime Fitness
Starbucks
Safeway
Wells Fargo Bank

PROPERTY TAXES

Parcel Number 1318-15-802-010 Improvements Assessment $4,144,171
Land Assessment $647,500 Total Assessment $4,791,671

MAP

ADDITIONAL PHOTOS

View Photo Round-Hill-1
View Photo Round Hill-16 (1)
View Photo Round Hill-7
View Photo Round Hill-8
View Photo Round Hill-2
View Photo Round Hill-4
View Photo Round Hill-3
View Photo Round Hill-10
View Photo Round Hill-9
View Photo Round Hill-12
View Photo Round Hill-13
View Photo Round Hill-15
View Photo Round Hill-17
View Photo Round-Hill-11
View Photo Round-Hill-14
View Photo Plat Map
  • Listing ID: 33467027

  • Date on Market: 10/9/2024

  • Last Updated: 5/30/2025

  • Address: 212 Elks Point Rd, Zephyr Cove, NV 89448

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.