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4425 E Tropicana Ave
Las Vegas, NV 89121
Palm Plaza Shopping Center · Retail Property For Sale
Investment Highlights
- Delivered at 100% occupancy, the asset presents investors a stabilized opportunity
- Property is offered at below replacement
- The majority of tenants have annual increases, therefore reducing the risk for inflation.
- Average Submarket rent is $22.08 compared to average in place rents of $16.00 according to Costar
- long-term tenancy and staggered lease expirations
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,550 SF
Building Class
C
Year Built
1977
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.64 AC
Zoning
C-1 - Commercial (C -1)
Parking
41 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
168’ on Tropicana Ave
Amenities
- Atrium
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 161-29-111-001 | Improvements Assessment | $115,585 |
| Land Assessment | $107,330 | Total Assessment | $222,915 |
Property Taxes
Parcel Number
161-29-111-001
Land Assessment
$107,330
Improvements Assessment
$115,585
Total Assessment
$222,915
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