Flagship Retail. Dark CVS with income.
14,378 SF | 100% Leased | Retail Building | Las Vegas, NV 89109 | $21,990,000 ($1,529/SF) | 10.28% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $21,990,000
- Property Type
-
Retail
- Square Feet
- 14,378 SF
- Price / Square Foot
- $1,529
Listing Contacts
Chris Richardson, CCIM
Verified Profile
Michael Kaplan
Verified Profile
- Property Info
Property Overview
Logic Commercial Real Estate is pleased to present the rarest of rare investment or owner-user opportunity, to own a piece of ground floor flagship retail space on the famed Las Vegas Strip. Located at 2700 Las Vegas Blvd S, directly across the street from the new Fontainebleu, the +/- 14,378 SF space is ideal for a flagship retail or restaurant user(s). With 45 floors of residential, consisting of 409 condo units, along with the immense tourism traffic, this offering creates automatic brand awareness for any user.
Property Details
- Year Built
- 2007
- Stories
- 3
- Lot Size (sq. ft)
- 128,938 SF
Highlights
- Once in a generation, iconic purchase opportunity in the heart of the surging Las Vegas Strip
- Existing Rent provides owner opportunity to cash flow day one
- Opportunity to acquire additional square footage with floors 2/3 of the same building
- Premier location for flagship restaurant or entertainment concept
- Situated across from the new Fontainebleau Las Vegas Resort & Casino
- Adjacent street level parking conveniently located
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