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3732-3750 E Flamingo Rd Las Vegas, NV 89121

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For Sale
$10,900,000

90,732 SF shopping center with high traffic and value-add.

Property size:
90,732 SF
Lot size:
7.37 Acres

Property Features for 3732-3750 E Flamingo Rd

General Information

Size
90,732 SF
Lot size
7.37 Acres

Source: Logic Commercial Real Estate | Reno Agent Ian Cochran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Anchored Shopping Center with Value-Add

The property is a ± 90,732 SF anchored shopping center located in central Las Vegas, southeast of downtown, at the signalized intersection of E. Flamingo Rd. and S. Sandhill Rd. This property has a 35% vacancy, including a ± 11,900 SF junior-anchor opportunity with frontage along Sandhill Rd. The center experiences high traffic with over 48,000 CPD along Flamingo Rd., positioned between I-15 and I-11. Many tenants are at below-market rent, with an average $1.19 PSF monthly rental rate across the property. The weighted average lease term remaining is 24 months, with opportunity to re-lease expired and upcoming expirations. The property features three outparcel buildings currently leased to Blueberry Hill Restaurant, Wells Fargo with a drive-up ATM, and Nevada State Bank with a drive-thru teller. Ample parking is available with over 450 spaces. The property neighbors Paradise Marketplace anchored by Smith’s Food & Drug and an In-N-Out drive-thru, increasing traffic to the area.
Location Intelligence

Current Use by Public Records

Banks

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Gold's Plaza, Janita Plaza, Coin Cloud Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM, Paradise Marketplace

Location Insight

  • Map
  • Local Demand
City
Las Vegas
County
Clark
State
Nevada
Longitude
-115.0930997
Latitude
36.1163079

FAQs

What type of property is this?
Shopping center - 90,732 SF shopping center with high traffic and value-add.
Where is this shopping center located?
The property is located at 3732-3750 E Flamingo Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $10,900,000.
What are key features of this property?
This property features: - High traffic location with over 48,000 CPD on Flamingo Rd.; - Value-add property with **35% vacancy**, including a ± 11,900 SF junior-anchor opportunity.; - Below-market average rental rate of $1.19 PSF monthly.
More about this property
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