4854 West Lone Mountain Road Las Vegas, NV 89130

Listing agency Colliers International Las Vegas d***@interorealestate.com Show Phone

Listed by Daniel Gluhaich · License #NV 00963076

Source Crexi

Added: Apr 10 Updated: Jul 20 at 11:18PM Checked: Jul 21 at 4:50AM

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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

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FAQs

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