Building Details

Year Renovated 2013

Tenancy Single

Listing Agency: Colliers International Las Vegas

Listed By: Daniel Gluhaich · License #NV 00963076 Show Phone

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Sep 1 at 8:41PM

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Investment Insights

Based on property information with market context.

This net-leased retail property is currently 100% occupied by Sears Outlet Stores LLC on a net basis. The lease structure includes a remaining six-year term plus options, with rental increases scheduled. The property underwent a recent renovation in 2013, with landlord and tenant contributions to tenant improvements totaling nearly $1,000,000.

Located at the northwest corner of Decatur Boulevard and Lone Mountain Road, the site benefits from a signalized intersection. The immediate area draws from traffic counts in excess of 28,700. The asset is one of two Sears Outlet Stores in the Las Vegas area.

The landlord is responsible for roof, HVAC, and structure, supporting a low-management, single-tenant ownership profile.

Key Highlights

• 100% net‑leased retail property occupied by Sears Outlet Stores LLC on a NN basis
• 6‑year base lease term remaining with options, including a rental increase
• Recently renovated in 2013 with nearly $1,000,000 contributed to tenant improvements by both landlord and tenant

Property Analytics

Property Profile

Current Use

Watermill Express Big Box & Wholesale Store American Freight - Appliance, ... Home Appliance Store

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Barber Shop Electrical Service Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

28,700 VPD

Traffic count

100%

Occupancy

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

437

Businesses Nearby

105k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 51% Groceries 35% Shops & Services 9% Home Improvements & Furnishings 3%

Albertsons Groceries

36,869 visits/mo 0.4 miles

McDonald's Dining

27,925 visits/mo 0.1 miles

SONIC Drive In Dining

12,773 visits/mo 0.5 miles

Shell Shops & Services

6,670 visits/mo 0.1 miles

Little Caesars Pizza Dining

6,530 visits/mo 0.1 miles

Demographics for 89130, NV

34,212

Population

13,819

Households

2.5

Avg Household Size

42

Median Age

23%

College-Educated

91%

High-School Grad

7.7 sq mi

ZIP Area

4,443

Density / Sq Mi

$82,599

Median Household Income

$42,723

Median Earnings

$1,620

Median Rent

$391,300

Median Home Value

Market

Vacancy Rate% for Retail in Las Vegas, NV

7.7% 2019

8.3% 2020

7.2% 2021

6.1% 2022

6% 2023

5.2% 2024

5.7% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Net-leased retail property is 100% occupied by a Sears Outlet Store on a 6-year base term with options.

Where is this retail space located?

The property is located at 4854 West Lone Mountain Road Las Vegas, NV.

What are key features of this property?

This property features: 100% net‑leased retail property occupied by Sears Outlet Stores LLC on a NN basis; 6‑year base lease term remaining with options, including a rental increase; Recently renovated in 2013 with nearly $1,000,000 contributed to tenant improvements by both landlord and tenant