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2400 N Buffalo Dr
Las Vegas, NV 89128
100% Leased Las Vegas Retail Investment · Retail Property For Sale


Investment Highlights
- 100% leased, six-tenant NNN neighborhood retail investment with stable in-place cash flow
- Sierra Gold occupies approximately 50% of the property’s gross leasable area and is leased through July 2031 with one additional five-year option
- Signalized hard-corner visibility with approximately 40,000 combined vehicles per day, convenient ingress and egress
- Every tenant when current ownership acquired the property in 2017 remains in operation
- MountainView Hospital, Desert Shores’ 3,351 master-planned housing unit, nearby schools, regional sports facilities support recurring customer demand
- 8.6:1 parking ratio (123 parking spaces) and limited immediately competing neighborhood shop space
Executive Summary
2400 North Buffalo Drive is a 100% leased, six-tenant NNN neighborhood retail investment totaling 14,282 square feet on approximately 2.04 acres in Las Vegas, Nevada. The property is distinguished by durable in-place cash flow and a documented history of tenant retention. Every tenant that was in place when current ownership acquired the property in 2017 remains in operation, and every operating tenant has exercised one or more lease extensions. All but one of the current tenants predates current ownership, while three tenants representing more than two-thirds of the property’s gross leasable area had already occupied the center for at least five years before the acquisition. Sierra Gold, the center’s established anchor, occupies approximately 50% of the property and is leased through July 2031 with one additional five-year option.
Located at a signalized hard corner, the property benefits from approximately 40,000 combined vehicles per day, convenient ingress and egress, and 123 parking spaces. The tenant mix is supported by a robust combination of recurring demand generators, including MountainView Hospital and its adjacent medical office campus, the 3,351-unit Desert Shores master-planned community, nearby multifamily housing, schools, regional sports facilities and surrounding employment. Within one mile, the trade area includes approximately 18,389 residents, 13,093 employees and an average household
income of approximately $105,230. Limited immediately competing neighborhood retail inventory further supports future occupancy stability and long-term residual value. The offering provides an opportunity to acquire established neighborhood retail with demonstrated renewal behavior, strong visibility and parking, and a tenant mix closely aligned with the surrounding customer base.
Located at a signalized hard corner, the property benefits from approximately 40,000 combined vehicles per day, convenient ingress and egress, and 123 parking spaces. The tenant mix is supported by a robust combination of recurring demand generators, including MountainView Hospital and its adjacent medical office campus, the 3,351-unit Desert Shores master-planned community, nearby multifamily housing, schools, regional sports facilities and surrounding employment. Within one mile, the trade area includes approximately 18,389 residents, 13,093 employees and an average household
income of approximately $105,230. Limited immediately competing neighborhood retail inventory further supports future occupancy stability and long-term residual value. The offering provides an opportunity to acquire established neighborhood retail with demonstrated renewal behavior, strong visibility and parking, and a tenant mix closely aligned with the surrounding customer base.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
14,296 SF
Building Class
B
Year Built
2005
Price
$6,680,000
Price Per SF
$467.26
Cap Rate
6.54%
NOI
$436,867
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
2.04 AC
Zoning
C-1, Las Vegas
Parking
123 Spaces (8.6 Spaces per 1,000 SF Leased)
Frontage
277’ on Buffalo Dr
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 138-15-402-001 | Improvements Assessment | $877,932 |
| Land Assessment | $632,920 | Total Assessment | $1,510,852 |
Property Taxes
Parcel Number
138-15-402-001
Land Assessment
$632,920
Improvements Assessment
$877,932
Total Assessment
$1,510,852
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