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Pecos Plaza 6 Retail Properties Offered at $22,800,000 in Las Vegas, NV
Investment Highlights
- Las Vegas Community Center – Pecos Plaza is an 88,534 SF, multi-tenant community center, anchored by Goodwill and EOS Fitness (NAP)
- Below Replacement Cost – Uncommon opportunity to purchase a established LV shopping center at a strong discount to its land inclusive replacement cost
- High Traffic, Retail Hub Location – Located ideally w/in the heart of Las Vegas at the SWC of E Russell Rd (±28,500 CPD) and S Pecos Rd (±21,100 CPD)
- Immediate Leasing Upside – At current occupancy, 14% of the property (12,673 SF) is available for an immediate leasing upside opportunity
Executive Summary
* Las Vegas Community Center – Pecos Plaza is an 88,534 SF, multi-tenant community center, anchored by Goodwill and EOS Fitness (NAP) and currently 86% leased to a mix of value-focused, demographic appropriate, national and local credit tenants including Goodwill, The UPS Store, La Papaya Deli, Cricket Wireless, and others.
* High Traffic, Retail Hub Location – Located ideally within the heart of Las Vegas at the SWC of E Russell Rd (±28,500 CPD) and S Pecos Rd (±21,100 CPD) near the US Interstate 11 (±141,500 CPD) connecting it to the remainder of the Las Vegas Metropolitan Area and making it easily accessible to the daytime population of 213,000 within a 3-mile radius.
* Below Replacement Cost – At the contemplated pricing, (±$258 PSF), Pecos Plaza presents an uncommon opportunity to purchase an established Las Vegas shopping center at a strong discount to its land inclusive replacement cost.
* Immediate Leasing Upside – At current occupancy, 14% of the property (12,673 SF) is available for an immediate leasing upside opportunity to increase NOI producing an attractive 4.4% CAGR
* High Traffic, Retail Hub Location – Located ideally within the heart of Las Vegas at the SWC of E Russell Rd (±28,500 CPD) and S Pecos Rd (±21,100 CPD) near the US Interstate 11 (±141,500 CPD) connecting it to the remainder of the Las Vegas Metropolitan Area and making it easily accessible to the daytime population of 213,000 within a 3-mile radius.
* Below Replacement Cost – At the contemplated pricing, (±$258 PSF), Pecos Plaza presents an uncommon opportunity to purchase an established Las Vegas shopping center at a strong discount to its land inclusive replacement cost.
* Immediate Leasing Upside – At current occupancy, 14% of the property (12,673 SF) is available for an immediate leasing upside opportunity to increase NOI producing an attractive 4.4% CAGR
Property Facts
| Price | $22,800,000 | Number of Properties | 6 |
| Price / SF | $258.44 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 88,221 SF |
| Status | Active | Total Land Area | 14.33 AC |
| Price | $22,800,000 |
| Price / SF | $258.44 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 88,221 SF |
| Total Land Area | 14.33 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Pecos Plaza
3317-3375 E Russell Rd, Las Vegas, NV 89120 |
Retail | 47,568 SF | 1987 | - |
| 3315 E Russell Rd, Las Vegas, NV 89120 | Retail | 21,938 SF | 1987 | - |
|
Pecos Plaza
5715 S Pecos Rd, Las Vegas, NV 89120 |
Retail | 6,063 SF | 1987 | - |
| 5725 S Pecos Rd, Las Vegas, NV 89120 | Retail | 5,624 SF | 1987 | - |
|
Pecos Plaza
3347 E Russell Rd, Las Vegas, NV 89120 |
Retail | 4,198 SF | 2000 | - |
|
Pecos Plaza
3385 E Russell Rd, Las Vegas, NV 89120 |
Retail | 2,830 SF | 1987 | - |
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