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- LoopNet Team
7680 S Las Vegas Blvd
Las Vegas, NV 89123
The Annex · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
ABOUT 7680 S LAS VEGAS BLVD , LAS VEGAS, NV 89123
This asset is primarily comprised of restaurant tenants that are occupying the premium suites with visibility from Las Vegas Boulevard, which in turn commands high rents. The property is shadow anchored by a prominent outlet mall that has the ability to pull locals and tourists from all parts of the city and that aspect will help benefit any new owner when marketing the property for a new anchor tenant. Currently at 22% occupied, the properties vacancies allow a new owner the opportunity to add considerable value to its rent roll and NOI. The asset will have to compete with a new retail development that was built adjacent to the building with less depth (more preferable to most retailers), however the building is grey shell, so there is a slight advantage for the subject property. This new development also suffers from inferior access and visibility compared to The Annex.
PROPERTY TAXES
| Parcel Number | 177-09-210-005 | Improvements Assessment | $1,591,036 |
| Land Assessment | $2,790,625 | Total Assessment | $4,381,662 |
PROPERTY TAXES
