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Flamingo Corridor 280 E Flamingo Rd 8,190 SF 100% Leased Retail Building Las Vegas, NV 89169 $4,689,000 ($572.53/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Premier Las Vegas Location; just east of The Las Vegas Strip
- Dense, Affluent Trade Area
- High Traffic Counts
- Investment Stability
EXECUTIVE SUMMARY
The property provides investors with a stable, long-term
income stream and minimal management responsibilities.
The site benefits from strong surrounding demand drivers,
including major resorts, the Las Vegas Convention Center,
future F1 Merchandise Store, and the 63-acre Hughes
Center - a premier Class A office campus featuring an
established “restaurant row.”
This property has excellent exposure to Flamingo Road, a
major east-west arterial with traffic counts exceeding 41,500
vehicles per day, and serves a dense, affluent trade area with
a population of more than 398,000 residents within a fivemile
radius. This prime infill location and diverse tenant mix
make 280 E. Flamingo Road a rare opportunity to acquire a
high-performing multi-tenant retail investment in the heart
of Las Vegas.
income stream and minimal management responsibilities.
The site benefits from strong surrounding demand drivers,
including major resorts, the Las Vegas Convention Center,
future F1 Merchandise Store, and the 63-acre Hughes
Center - a premier Class A office campus featuring an
established “restaurant row.”
This property has excellent exposure to Flamingo Road, a
major east-west arterial with traffic counts exceeding 41,500
vehicles per day, and serves a dense, affluent trade area with
a population of more than 398,000 residents within a fivemile
radius. This prime infill location and diverse tenant mix
make 280 E. Flamingo Road a rare opportunity to acquire a
high-performing multi-tenant retail investment in the heart
of Las Vegas.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,190 SF
Building Class
B
Year Built/Renovated
2002/2018
Price
$4,689,000
Price Per SF
$572.53
Cap Rate
6%
NOI
$281,340
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.90 AC
Zoning
Commercial Resort - designates areas for resorts and related businesses, allowing for large-scale development like hotels, casinos, and entertainment venues.
Frontage
306’ on Flamingo Rd
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 162-21-501-005 | Improvements Assessment | $327,800 |
| Land Assessment | $720,374 | Total Assessment | $1,048,174 |
PROPERTY TAXES
Parcel Number
162-21-501-005
Land Assessment
$720,374
Improvements Assessment
$327,800
Total Assessment
$1,048,174
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Flamingo Corridor | 280 E Flamingo Rd
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