4800 E Bonanza Rd
Las Vegas, NV 89110
Seagull Park · Retail Property For Sale

Marcus & Millichap is pleased to present Seagull Park in Las Vegas, a premium quality seventeen-unit retail strip center on a 3.17 acre site. The property features three buildings totaling 30,905 square feet with a high occupancy rate of 92.65% and a variety of service-based tenants that are Internet and e-commerce resistant. All the leases are triple net with the tenants reimbursing the landlord for their prorated share of taxes, insurance and common area maintenance. 32% of tenants have occupied their space for at least 15 years and 64% of tenants have occupied their space for at least 5 years. The entire center has Bonanza Road frontage, which provides passing traffic with visibility to each tenant and the units have back door access to parking in the rear of the buildings. The property has three utility rooms and four video cameras, two in the front and two in the back that continuously record and are remotely accessible. The wide parking lots easily allow two-way traffic and a comfortable amount of room for backing up and turning. The property is located close to the corner of East Bonanza Road and North Nellis Boulevard which features a solid traffic count of 25,000 VPD on East Bonanza Road and a high traffic count of 38,000 VPD on North Nellis Boulevard. The Northeast Las Vegas retail submarket, where the strip center is located, boasts a dense population with 227,158 individuals located within a 3-mile radius. Seagull Park offers the conservative investor the opportunity to purchase a well-maintained property in turn-key condition in an established area of the Las Vegas valley.