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Ross Dress For Less 2420 E Desert Inn Rd 30,715 SF Retail Building Las Vegas, NV 89121 $7,000,000 ($227.90/SF) 5.94% Cap Rate
INVESTMENT HIGHLIGHTS
- Ross Credit Profile – S&P 500, Fortune 500 operator with $5 B quarterly revenue
- Grocery-Anchored Center – La Bonita draws 1.2 M visits per year (source Placer AI) ? strong cross-traffic with dd's Discounts and Five Below
- Long-Term Tenancy – 40-year history on site with multiple renewal options.
EXECUTIVE SUMMARY
2% percentage rent over a natural breakpoint. Tenant reports sales.
Dense population with 506,682 people in a 5 mile radius
Rent escalators of 10% every five years, with the next increase in approximately 3 years January 31, 2029
Grocery anchored center with La Bonita Hispanic Market. dd’s Discounts and Five Below also anchor the center.
High visibility.
The building is 1.6 miles from the Las Vegas Convention Center and 2.7 miles from the Las Vegas Strip.
Low rent to sales ratio of 4.3%.
PROPERTY FACTS
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 30,715 SF
- -
- Triple Net
- Jan 2015
Since 1982, Ross' focus has been on bringing their customers a constant stream of high-quality department and specialty store brands at extraordinary savings (aka bargains) while providing an easy, fun and organized shopping experience. So what’s Ross' secret? Ross is big—as the nation’s largest off-price retail chain, Ross has a great deal of purchasing power. Ross is savvy—their buyers search the globe for the best brands and latest styles. Ross works directly with manufacturers to negotiate the best deals! Ross believes in “no frills”—no window displays, mannequins, fancy fixtures or decorations in their stores so they can pass more savings on to their customers. Ross loves new buys—they keep it simple so they can get the great buys into their stores quickly, which means almost every day!
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 30,715 SF | - | Triple Net | Jan 2015 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 162-12-401-007 | Improvements Assessment | $384,307 |
| Land Assessment | $344,066 | Total Assessment | $728,373 |
PROPERTY TAXES
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Ross Dress For Less | 2420 E Desert Inn Rd
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