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5020 E Tropicana Ave 16,603 SF 96% Leased Retail Building Las Vegas, NV 89122 $3,900,000 ($234.90/SF) 4% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy auto traffic
- On major bus route
- Corner Lot
EXECUTIVE SUMMARY
This center gets a huge amount of traffic along a heavily traveled corridor in eastern Las Vegas. It features ample parking, multiple entrance points along Tropicana Avenue and Nellis Boulevard, and pylon signage that is visible to 27,260 average daily vehicles along Tropicana Avenue. Situated midway between I-515 and Boulder Highway, Tropicana Gardens is easily accessible to consumers. Immediately surrounding the center, 27,756 people live within a one-mile radius. However, given the convenience to major area thoroughfares, tenants can easily reach the 162,436 people living within a three-mile radius. This robust potential consumer base within a three-mile radius boasts an average household income of $70,304 and contributed to a consumer spending total of $1.7 billion. The center benefits from its position along the established Tropicana Avenue commercial corridor, which is home to numerous national retailers, including O’Reilly Auto Parts, Family Dollar, T-Mobile, Auto Zone, Sonic Drive-In, and Burger King, as well as supermarkets, banks, fitness facilities, and daily conveniences amenities.
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
This unit will need a grease trap. Video of the interior is also available. Ideally located along a heavily traveled corridor in eastern Las Vegas, 5020 E Tropicana Avenue offers tenants excellent exposure and strong surrounding demographics. Comprising ±16,603-square-foot within the Tropicana Gardens retail strip center, features include ample parking, multiple entrance points along Tropicana Avenue and Nellis Boulevard, and pylon signage visible to 27,260 average daily vehicles along Tropicana Avenue. Situated midway between I-515 and Boulder Highway, 5020 E Tropicana Avenue is easily accessible to consumers. Immediately surrounding the property, 27,756 people live within a one-mile radius. However, given the convenience of major area thoroughfares, tenants can easily reach the 162,436 people living within a three-mile radius. This robust potential consumer base within a three-mile radius boasts an average household income of $70,304 and contributed to a consumer spending total of $1.7 billion. The center benefits from its position along the established Tropicana Avenue commercial corridor, home to numerous national retailers, including O’Reilly Auto Parts, Family Dollar, T-Mobile, Auto Zone, Sonic Drive-In, and Burger King, as well as supermarkets, banks, fitness facilities, and daily conveniences amenities.
| Space | Size | Space Use | Position | Available |
| B8 | 720 SF | Office/Retail | In-Line | Now |
B8
| Size |
| 720 SF |
| Space Use |
| Office/Retail |
| Position |
| In-Line |
| Available |
| Now |
B8
| Size | 720 SF |
| Space Use | Office/Retail |
| Position | In-Line |
| Available | Now |
This unit will need a grease trap. Video of the interior is also available. Ideally located along a heavily traveled corridor in eastern Las Vegas, 5020 E Tropicana Avenue offers tenants excellent exposure and strong surrounding demographics. Comprising ±16,603-square-foot within the Tropicana Gardens retail strip center, features include ample parking, multiple entrance points along Tropicana Avenue and Nellis Boulevard, and pylon signage visible to 27,260 average daily vehicles along Tropicana Avenue. Situated midway between I-515 and Boulder Highway, 5020 E Tropicana Avenue is easily accessible to consumers. Immediately surrounding the property, 27,756 people live within a one-mile radius. However, given the convenience of major area thoroughfares, tenants can easily reach the 162,436 people living within a three-mile radius. This robust potential consumer base within a three-mile radius boasts an average household income of $70,304 and contributed to a consumer spending total of $1.7 billion. The center benefits from its position along the established Tropicana Avenue commercial corridor, home to numerous national retailers, including O’Reilly Auto Parts, Family Dollar, T-Mobile, Auto Zone, Sonic Drive-In, and Burger King, as well as supermarkets, banks, fitness facilities, and daily conveniences amenities.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 161-21-411-064 | Improvements Assessment | $408,134 |
| Land Assessment | $164,658 | Total Assessment | $572,792 |
PROPERTY TAXES
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5020 E Tropicana Ave
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