23,640' rentable sq ft retail office shopping by wal-mart€¦ · 3280 e tropicana ave, las...

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Listing ID: 29848175Status: ActiveProperty Type: Retail-Commercial For SaleRetail-Commercial Type: Free-Standing Building, Retail-PadSize: 23,640 SFSale Price: $2,990,000Unit Price: $126.48 PSFSale Terms: Cash to SellerCeiling: 9 ft.

Overview/CommentsOverview/Comments* Directly cross from Wal-Mart, SAMs Club, McDonald's, Sprouts, GoodWill.

* Most tenants on 5-10 year progressive leases.

* 14 individual retail office suites, about 66%+/- leased NNN, most longterm

* Proforma about 7% cap rate, currently about 4.2% cap rate.

* Below market rents have huge upside growth potential

* 14 contiguous expandable annex-able office retail office suites

* For lease: #A=2,495’, #D=1,139’, #E=1,169’, F/G=2,338', #H 964'

* Many long term professional office and retail tenants

* 1.84 acres * Shared reciprocal parking

* 35,000 cars a day pass by on E. Tropicana, including bus service

* Huge monument signage faces E. Tropicana

* Las Vegas City Zoned C-2 General Commercial

* Clark County Land Use: General Commercial

* Fresh paint in and out, new carpets

* All repairs completed, everything working, new roof

* Perfect vehicle for any long or short term investor

* No gray shell, all built-out 2nd generation

* 23,694 rentable square feet, 19,725 usable square feet

* Shadow Anchor: Great Buns Bakery, Tropicana Theaters, and IHOP,

Tenants include: Nevada Nails & Spa, Dry Cleaners, Tailor/Alterations, Pet

Grooming, Tae Kwon Do, Private Mailboxes, Credit Union, and "Sign

Experts",

* Owner/Broker/Developer

* Please do not disturb the tenants

General InformationGeneral InformationTaxing Authority: Clark CountyTax ID/APN: 162-24-802-005Retail-Commercial Type: Free-Standing Building, Retail-Pad, Street Retail

Zoning: C-2 GENERAL COMMERCIALProperty Use Type: Vacant/Owner-User

23,640' Rentable Sq Ft Retail Office Shopping by Wal-Mart23,640' Rentable Sq Ft Retail Office Shopping by Wal-Mart3280 E Tropicana Ave, Las Vegas, NV 89121

Prepared by 702Michael Hawkes, Great Bridge PropertiesOct 10, 2017 on Catylist

702-642-4235 [M] 702-642-4235 [O] [email protected] Real Estate License: BS.0145012

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Building Name: 23,640' Rentable Retail Office Shopping Acrossfrom Wal-Mart

Building/Unit Size (RSF): 23,640 SFUsable Size (USF): 19,725 SF

Land Area: 1.84 AcresSale Terms: Cash to SellerCap Rate: 4.2%Average Occupancy Rate: 66

Area & LocationArea & LocationMarket Type: LargeRetail Clientele: General, Family, Business, RecreationProperty Located Between: Pecos, McLeod, MojaveSide of Street: EastRoad Type: Paved

Property Visibility: ExcellentLargest Nearby Street: PecosFeet of Frontage: 163Traffic/Vehicle Count: 35,000Transportation: Bus

Building RelatedBuilding RelatedTenancy: Multiple TenantsTotal Number of Buildings: 1Number of Stories: 1Property Condition: ExcellentYear Built: 1987Year Renovated: 2016Parking Ratio: 7 (per 1000 SF)

Parking Type: SurfaceCeiling Height: 9Loading Doors: 0Loading Docks: 0Heat Type: ElectricityHeat Source: CentralAir Conditioning: Package Unit

Land RelatedLand RelatedZoning Description: C-2 General CommercialLot Frontage: 163

LocationLocationAddress: 3280 E Tropicana Ave, Las Vegas, NV 89121County: Clark

MSA: Las Vegas-Henderson-ParadiseSubmarket: University East (Retail)

Property ImagesProperty Images

3280 E Trop Floor Plan Rear UnitsEnlarged Front Rentable Floor Plan



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High Aerial

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Suite D

20150926_161828

20170209_221820



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20170213_144529

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20170213_150836

Close Up Tight Aerial

High Aerial



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Suite A Floor Plan

Suite C



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Suite E 1,169' Rentable

Suite F G 2338 Rentable Sq Ft

20170213_150110



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Suite C

Suite D



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Suite E 1,169' Rentable

Suite F G 2338 Rentable Sq Ft



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Suite H 999' Sq Ft



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Property ContactsProperty Contacts

702Michael Hawkes702Michael HawkesGreat Bridge Properties

702-642-4235 [M]

702-642-4235 [O]

[email protected]



© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assumeany liability for errors or omissions.

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Radius: 1 mile 3 miles 5 miles

2020 Projection 26,873 269,103 622,0952015 Estimate 24,426 235,313 543,695

2010 Census 22,875 211,266 487,188Growth 2015-2020 10.02% 14.36% 14.42%Growth 2010-2015 6.78% 11.38% 11.6%




Disclaimer:Disclaimer: While we believe this information (via GeoLytics) to be reliable, we have not checked its accuracy and make no guarantee as to its validity. By using the information provided on this page, the

user acknowledges that the data may contain errors or other nonconformities. You and/or your client should diligently and independently verify the specifics of the information that you are using.

PopulationPopulation

Population (Male)Population (Male)

Demographics, Labor/Workforce, and ConsumerDemographics, Labor/Workforce, and ConsumerExpendituresExpenditures3280 E Tropicana Ave, Las Vegas, NV




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Age 0 to 5 1,593 17,930 42,208Age 5 to 10 1,581 17,684 42,254

Age 10 to 15 1,325 14,983 36,418Age 15 to 20 1,182 13,173 32,756Age 20 to 25 1,200 13,079 32,318Age 25 to 30 1,351 13,926 32,990Age 30 to 35 1,494 14,990 33,643Age 35 to 40 1,605 16,057 35,034Age 40 to 45 1,662 16,672 36,677Age 45 to 50 1,683 17,014 38,125Age 50 to 55 1,620 15,679 36,183Age 55 to 60 1,640 14,445 33,679Age 60 to 65 1,594 12,976 29,758

Age 65 and over 4,896 36,705 81,652Total Population 24,426 235,313 543,695

Median Age 47.77 44.49 43.7


Age 0 to 5Age 5 to 10Age 10 to 15Age 15 to 20Age 20 to 25Age 25 to 30Age 30 to 35Age 35 to 40Age 40 to 45Age 45 to 50Age 50 to 55Age 55 to 60Age 60 to 65Age 65 and over

7% 8% 8%

6% 8% 8%

5% 6% 7%

5% 6% 6%

5% 6% 6%

6% 6% 6%

6% 6% 6%

7% 7% 6%

7% 7% 7%

7% 7% 7%

7% 7% 7%

7% 6% 6%

7% 6% 5%

20% 16% 15%


2010 Census 40.81 37.07 36.36


2010 Census 43.21 37.69 37.22


High SchoolGraduate (or GED)

4,528 47,232 108,500

Some College, NoDegree

5,308 41,307 88,684

Associate orBachelor's Degree

964 9,332 23,700

Master's Degree 1,051 5,754 11,868Professional School

Degree353 2,391 5,697

Doctorate Degree 302 1,606 3,000Total High School

Graduates Age 25+12,506 107,622 241,449


High SchoolGraduate (or GED)Some College, NoDegreeAssociate orBachelor's DegreeMaster's DegreeProfessional SchoolDegreeDoctorate Degree

36% 44% 45%

42% 38% 37%

8% 9% 10%

8% 5% 5%

3% 2% 2%

2% 1% 1%

Population (Female)Population (Female)

Population by AgePopulation by Age (2015 Estimate)

Median Age (Male)Median Age (Male)

Median Age (Female)Median Age (Female)

High School Graduates Age 25+ by Educational AttainmentHigh School Graduates Age 25+ by Educational Attainment (2015 Estimate)




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2010 Census 22,875 211,266 487,188


2020 Projection 2.44 2.53 2.712015 Estimate 2.44 2.53 2.71

2010 Census 2.45 2.51 2.68Growth 2015-2020 0% -0% 0.01%Growth 2010-2015 -0.56% 0.71% 1.04%

HouseholdsHouseholds

Population in HouseholdsPopulation in Households

Average Household SizeAverage Household Size




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Family Households 5,828 52,372 122,323Married-couple

family3,829 31,639 78,121

With ownchildren

under 18years

1,247 12,882 33,904

No ownchildren

under 18years

2,582 18,757 44,217

MaleHouseholder:

no wife present705 7,411 15,354

With ownchildren

under 18years

257 3,195 6,979

No ownchildren

under 18years

448 4,216 8,375

FemaleHouseholder:no husband

present

1,294 13,322 28,848

With ownchildren

under 18years

554 7,060 15,445

No ownchildren

under 18years

740 6,262 13,403

NonfamilyHouseholds

4,385 43,322 83,976

1 Personhouseholds

3,226 32,310 62,338

2+ Unrelatedpeople

1,159 11,012 21,638

Total Households 10,213 95,694 206,299


Family HouseholdsMarried-couplefamily

With ownchildrenunder 18yearsNo ownchildrenunder 18years

MaleHouseholder:no wife present


FemaleHouseholder:no husbandpresent


NonfamilyHouseholds

1 Personhouseholds2+ Unrelatedpeople

57% 55% 59%

37% 33% 38%

12% 13% 16%

25% 20% 21%

7% 8% 7%

3% 3% 3%

4% 4% 4%

13% 14% 14%

5% 7% 7%

7% 7% 6%

43% 45% 41%

32% 34% 30%

11% 12% 10%

Households by Household Type and Size and Presence of ChildrenHouseholds by Household Type and Size and Presence of Children (2015 Estimate)




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Less than $25,000 2,335 25,675 50,130$25,000 to $49,999 2,544 31,026 59,067$50,000 to $74,999 1,980 19,064 43,581$75,000 to $99,999 1,459 9,725 24,067

$100,000 to$124,999

692 3,855 11,707

$125,000 to$149,999

548 2,757 7,378

$150,000 to$199,999

445 2,251 6,109

$200,000 or more 210 1,341 4,260Total Households 10,213 95,694 206,299

Average HouseholdIncome

$66,967.39 $53,643.39 $59,382.96

Median HouseholdIncome

$60,216.45 $46,367.13 $52,472.01


Less than $25,000$25,000 to $49,999$50,000 to $74,999$75,000 to $99,999$100,000 to$124,999$125,000 to$149,999$150,000 to$199,999$200,000 or more

23% 27% 24%

25% 32% 29%

19% 20% 21%

14% 10% 12%

7% 4% 6%

5% 3% 4%

4% 2% 3%

2% 1% 2%


Less than $25,000 2,601 29,381 57,246$25,000 to $49,999 2,826 35,479 67,491$50,000 to $74,999 2,179 21,661 49,572$75,000 to $99,999 1,597 11,047 27,263

$100,000 to$124,999

753 4,341 13,193

$125,000 to$149,999

595 3,086 8,246

$150,000 to$199,999

488 2,473 6,786

$200,000 or more 224 1,463 4,672Total Households 11,263 108,931 234,469

Average HouseholdIncome

$67,403.20 $53,704.40 $59,559.89

Median HouseholdIncome

$60,613.44 $47,240.36 $53,632.77


Less than $25,000$25,000 to $49,999$50,000 to $74,999$75,000 to $99,999$100,000 to$124,999$125,000 to$149,999$150,000 to$199,999$200,000 or more

23% 27% 24%

25% 33% 29%

19% 20% 21%

14% 10% 12%

7% 4% 6%

5% 3% 4%

4% 2% 3%

2% 1% 2%


2015 Estimate $27,152.71 $21,539.63 $22,283.92


2015 Estimate 10.46% 11.45% 12.63%

Households by Household IncomeHouseholds by Household Income (2015 Estimate)

Households by Household IncomeHouseholds by Household Income (2020 Projection)

Per Capita IncomePer Capita Income

Unemployment RateUnemployment Rate




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Labor Force 13,572 123,861 279,364Civilian,

Employed12,484 113,137 253,258

Civilian,Unemployed

1,088 10,724 26,106

Not in Labor Force 9,512 89,668 207,561Total Population Age

16+23,084 213,529 486,925


Labor ForceCivilian,EmployedCivilian,Unemployed

Not in Labor Force

59% 58% 57%

54% 53% 52%

5% 5% 5%

41% 42% 43%


Agriculture, forestry,fishing and hunting,

mining andconstruction

1,181 9,116 21,504

Manufacturing 618 4,529 9,842Wholesale & retail

trade1,724 16,768 38,089

Transportation andwarehousing, and

utilities731 6,062 11,737

Information 368 2,237 4,766Finance, insurance,

real estate andrental and leasing

453 3,646 8,949

Professional,scientific, and

technical services1,523 13,168 29,110

Educational, healthand social services

1,831 14,237 33,758

Arts, entertainment,recreation,

accommodation andfood services

3,737 43,129 90,497

Other services(except public

administration)807 8,721 20,247

PublicAdministration

469 2,905 7,261

Total EmployedCivilian Population

Age 16+13,442 124,518 275,760


Agriculture, forestry,fishing and hunting,mining andconstructionManufacturingWholesale & retailtradeTransportation andwarehousing, andutilitiesInformationFinance, insurance,real estate andrental and leasingProfessional,scientific, andtechnical servicesEducational, healthand social servicesArts, entertainment,recreation,accommodation andfood servicesOther services(except publicadministration)PublicAdministration

9% 7% 8%

5% 4% 4%

13% 13% 14%

5% 5% 4%

3% 2% 2%

3% 3% 3%

11% 11% 11%

14% 11% 12%

28% 35% 33%

6% 7% 7%

3% 2% 3%


Vacant HousingUnits

1,918 21,346 56,397

Occupied HousingUnits

10,213 95,694 206,299

Owner-Occupied

6,093 38,576 97,030

Renter-Occupied

4,120 57,118 109,269

Total Housing Units 12,131 117,040 262,696


Vacant HousingUnitsOccupied HousingUnits

Owner-OccupiedRenter-Occupied

16% 18% 21%

84% 82% 79%

50% 33% 37%

34% 49% 42%

Population Age 16+ By Employment StatusPopulation Age 16+ By Employment Status (2015 Estimate)

Employed Civilian Population Age 16+ by IndustryEmployed Civilian Population Age 16+ by Industry (2015 Estimate)

Housing Units by TenureHousing Units by Tenure (2015 Estimate)




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23,640' rentable sq ft retail office shopping by wal-mart€¦ · 3280 e tropicana ave, las...

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