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Ross Dress For Less | 40+yr Occupancy 2420 E Desert Inn Rd 31,085 SF Retail Building Las Vegas, NV 89121 $6,814,000 ($219.21/SF) 6% Cap Rate
Investment Highlights
- Long Operating History (40+ Years) | Options To Extend | Scheduled Rental Increases | Strong Sales Figures
- Highly Trafficked Center | Las Vegas Convention Center |Dense Retail Corridor
- Signalized, Hard Corner Intersection | Pylon Signage |Excellent Visibility & Access
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Rare Las Vegas Retail Opportunity | Las Vegas Tourism |High Barriers To Entry
- Strong Demographics In 5-Mile Trade Area
Executive Summary
Property Facts
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Retailer
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99,999 SF
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Lorem Ipsum
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Ross Dress for Less began in 1982 when a group transformed six San Bruno department stores into discount outlets. The chain quickly grew by selling branded overstock at low prices. Today Ross operates nationwide with a no-frills approach - focusing on bargains rather than store decor. Shoppers visit for deals on clothing, shoes, accessories, and home goods. The company emphasizes community support through youth education programs and local hiring initiatives. Ross maintains a strong market presence by offering name-brand products at reduced prices in a fast-paced retail environment.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
About East Central Las Vegas
East Central Las Vegas sees hotels, resorts, and multifamily residences mixed in with office and retail properties. The East Central Las Vegas retail area runs east from the Las Vegas Strip and stretches from Downtown Las Vegas to McCarran International Airport. Also located in the area are the Las Vegas Convention Center and the University of Nevada, Las Vegas (UNLV).
Retailers are clustered along the primary arterial roads and around the convention center and UNLV. Neighborhood shopping centers and business that cater to locals like grocery stores, drug stores, and discount retailers make up the majority of local retailers. Arts, entertainment, and restaurants are situated near Las Vegas Boulevard, looking to draw visitors from hotels and resorts along the Strip. Entertainment and hospitality both provide jobs for residents in the area and visitor traffic to retail shops.
Las Vegas’ healthy population growth and strong visitor numbers, along with limited new supply in East Central Las Vegas, are drawing investor interest. Pricing is generally at a discount to Las Vegas’ average, and cap rates are slightly above the region’s overall average.
Demographics
Demographics
Nearby Major Retailers
Property Taxes
| Parcel Number | 162-12-401-007 | Improvements Assessment | $385,770 |
| Land Assessment | $377,238 | Total Assessment | $763,008 |
Property Taxes
Sale Advisor
Sale Advisor
Patrick Luther, Managing Principal and Co-Founder
Patrick graduated from Arizona State University with a bachelor’s degree in finance. Patrick was recognized alongside business partner, Matthew Mousavi, in 2019 as a top three net lease team in the U.S. and the seventh-ranked team in the overall U.S. commercial real estate industry. He is an active member of the International Council of Shopping Centers (ICSC) and CCIM communities and can be found rock climbing or traveling internationally in his free time.
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Ross Dress For Less | 40+yr Occupancy | 2420 E Desert Inn Rd
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