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Flamingo Eastern Retail Center 4 Retail Properties Offered at $16,500,000 in Las Vegas, NV
Investment Highlights
- Rare investment opportunity for fee-simple ownership of a 100% occupied ± 57,884 SF shopping center at one of the busiest intersections in Las Vegas
- A combined ± 80,000 VPD accessible via eight ingress/egress paths.
- Mariana's Supermarkets (junior box) lease expires at the end of June 2026. Buyer benefits from a current grocery tenant paying over $45K in rent/mo
- Flamingo Eastern Plaza is a ± 57,884 SF shopping center situated at the SWC of Flamingo Road and Eastern Avenue
- The center's tenants include a diverse group of national, regional and local tenants including McDonald's, Dunkin Donuts and Mariana's Supermarket
Executive Summary
LOGIC Commercial Real Estate proudly presents Flamingo Eastern – Retail Center, a ± 57,884 SF shopping center built in 1975 (strip), 2004 (Jr Box), 2005
(retail pad), and 2013 (McDonald’s) in the business-friendly Las Vegas MSA “Central East” submarket. Currently 100% occupied, this center boasts a robust
mix of national, regional, and local tenants, including State Farm, Dunkin’ Donuts, Check City, Urgent Care, T Mobile, McDonald’s, and Red Lobster (NAP),
etc. The retail center’s grocery tenant, Mariana’s Supermarket, pays rent until its lease expiration at the end of June 2026. The Hispanic grocer needs a larger
footprint and is moving to a 45,000 SF box elsewhere in the corridor.
Strategically positioned at the Southwest corner of Flamingo Road and Eastern Avenue, Flamingo Eastern – Retail Center benefits from excellent visibility
and high combined traffic counts of approximately 82,500 vehicles daily. This prime location serves a substantial population of about 444,132 residents
within a 5-mile radius, boasting an impressive average household income of $78,746. The retail center’s accessibility and strong demographics, combined
with its proximity to significant residential and retail developments, position it favorably for sustained growth and increased foot traffic in the years to come.
Flamingo Eastern – Retail Center stands at the nexus of historical Las Vegas residential developments. The retail center is strategically located near The
Las Vegas Country Club and Las Vegas National Golf Course. The retail center is also close to the world-famous Las Vegas “Strip,” Las Vegas Convention
Center, University of Nevada, Las Vegas (UNLV), The Boulevard, and more professional and medical office buildings.
(retail pad), and 2013 (McDonald’s) in the business-friendly Las Vegas MSA “Central East” submarket. Currently 100% occupied, this center boasts a robust
mix of national, regional, and local tenants, including State Farm, Dunkin’ Donuts, Check City, Urgent Care, T Mobile, McDonald’s, and Red Lobster (NAP),
etc. The retail center’s grocery tenant, Mariana’s Supermarket, pays rent until its lease expiration at the end of June 2026. The Hispanic grocer needs a larger
footprint and is moving to a 45,000 SF box elsewhere in the corridor.
Strategically positioned at the Southwest corner of Flamingo Road and Eastern Avenue, Flamingo Eastern – Retail Center benefits from excellent visibility
and high combined traffic counts of approximately 82,500 vehicles daily. This prime location serves a substantial population of about 444,132 residents
within a 5-mile radius, boasting an impressive average household income of $78,746. The retail center’s accessibility and strong demographics, combined
with its proximity to significant residential and retail developments, position it favorably for sustained growth and increased foot traffic in the years to come.
Flamingo Eastern – Retail Center stands at the nexus of historical Las Vegas residential developments. The retail center is strategically located near The
Las Vegas Country Club and Las Vegas National Golf Course. The retail center is also close to the world-famous Las Vegas “Strip,” Las Vegas Convention
Center, University of Nevada, Las Vegas (UNLV), The Boulevard, and more professional and medical office buildings.
Data Room Click Here to Access
Property Facts
| Price | $16,500,000 | Number of Properties | 4 |
| Price / SF | $262.13 / SF | Individually For Sale | 1 |
| Cap Rate | 8.42% | Total Building Size | 62,945 SF |
| Sale Type | Investment | Total Land Area | 7.14 AC |
| Status | Active |
| Price | $16,500,000 |
| Price / SF | $262.13 / SF |
| Cap Rate | 8.42% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 1 |
| Total Building Size | 62,945 SF |
| Total Land Area | 7.14 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 4161 S Eastern Ave, Las Vegas, NV 89119 | Retail | 27,901 SF | 1975 | - |
| 4151 S Eastern Ave, Las Vegas, NV 89119 | Retail | 26,600 SF | 2004 | $4,500,000 |
| 4125 S Eastern Ave, Las Vegas, NV 89119 | Retail | 7,564 SF | 1975 | - |
|
McDonald's
4105 S Eastern Ave, Las Vegas, NV 89119 |
Retail | 880 SF | 1995 | - |
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Flamingo Eastern Retail Center
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