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Paradise Plaza 2125-2285 Oddie Blvd 132,364 SF 27% Leased Retail Building Sparks, NV 89431 $11,300,000 ($85.37/SF)
Investment Highlights
- True Value-Add Opportunity
- Located In a Densely Populated Trade Area
- Situated Near the Signalized Intersection of Oddie Boulevard and El Rancho Drive, Which Collectively See 30,000+ Cars Per Day (NDOT Estimate)
- Over 263,000 Residents in a 5-Mile Radius
Executive Summary
Including all outparcels (some of which are not a part of this offering), Paradise Plaza is an approximately 190,000 square-foot regional shopping center. The existing tenants include Wells Fargo, Walgreens, Jack-In-The Box, US Bank , Family Dollar, Octopharma Plasma, Pizza Plus, H&R Block, and more. In addition, Panda Express just purchased a building within the center, and intends to open a location immediately adjacent to the subject property.
Paradise Plaza is located at the intersection of Oddie Boulevard and El Rancho Drive, which collectively see over 30,000+ cars per day (NDOT Estimates). The subject property enjoys excellent frontage along Oddie Boulevard, and has great ingress & egress. Because of the desirable location of this intersection, the immediate surrounding area has received significant interest from developers. 288 new apartment units were constructed directly across the street in 2020, and an estimated $30-million dollar redevelopment project known as the "Oddie District" is nearly completed on the northwest corner of the intersection. These projects intend to accommodate the existing 260,000+residents who live within a 5-mile radius.
Offered at $11,300,000, this property offers investors and owner/users a true value-add opportunity. Even after factoring in tenant improvements and leasing commissions, this is a property that offers double digit unlevered returns through lease-up of existing vacancies.
Property Facts
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Decoraciones Nelly
- Retailer
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$9.99
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Lorem Ipsum
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Decoraciones Nelly specializes in decorations for events. Contact them if you are in need of decoration for parties or functions.
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- Retailer
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$9.99
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Lorem Ipsum
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Jan 0000
Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.
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- Retailer
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- -
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Jan 0000
They stock fresh food daily and strive to provide delicious, healthy food at the best price. They aim to be your favorite neighborhood food market.
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- Administrative and Support Services
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- -
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Jan 0000
At LaborMAX, their focus is always on doing the right thing for their clients, partners, and field team members. They also focus on putting the right people in the right job. LaborMAX Staffing was founded in 2002. The company began with one office in Las Vegas, Nevada, and has since grown to more than 105 branches in 31 states nationwide. LaborMAX has partners all over the country. Each entity focuses on specific industries that drive the local market. They know where the best people are, they understand the area and can deploy an on-demand staff from a local office. When clients partner with LaborMAX, they have all the advantages of working with a large company, but without the red tape.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Decoraciones Nelly | Retailer | - | $9.99 | Lorem Ipsum | - | |
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Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
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Retailer | - | - | - | Jan 0000 | |
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Administrative and Support Services | - | - | - | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 21,813 SF
- Retail
- In-Line
- Now
Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.
Former Family Dollar Suite
- 2241
- 1,507 SF
- Retail
- In-Line
- 90 Days
Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.
- 2271
- 1,245 SF
- Retail
- In-Line
- Now
Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.
- 2277
- 1,197 SF
- Retail
- In-Line
- Now
Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 21,813 SF | Retail | In-Line | Now |
| 1st Floor | 23,858 SF | Retail | In-Line | 30 Days |
| 2225 | 7,911 SF | Retail | In-Line | Now |
| 2241 | 1,507 SF | Retail | In-Line | 90 Days |
| 2249 | 1,200 SF | Retail | In-Line | Now |
| 2271 | 1,245 SF | Retail | In-Line | Now |
| 2273 | 1,678 SF | Retail | In-Line | Now |
| 2277 | 1,197 SF | Retail | In-Line | Now |
| 2285 | 3,609 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 21,813 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 23,858 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
2225
| Size |
| 7,911 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2241
| Size |
| 1,507 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 90 Days |
2249
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2271
| Size |
| 1,245 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2273
| Size |
| 1,678 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2277
| Size |
| 1,197 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2285
| Size |
| 3,609 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 23,858 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.
2225
| Size | 7,911 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Former Family Dollar Suite
2249
| Size | 1,200 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.
2273
| Size | 1,678 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.
2285
| Size | 3,609 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Tenant improvement allowance & rent concessions will be offered to all qualified prospective tenants.
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $297,278 | |
| Land Assessment | $341,796 | Total Assessment | $639,073 |
Property Taxes
Presented by
Paradise Plaza | 2125-2285 Oddie Blvd
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