Building Details

Tenancy Single

Listing Agency: EXP Commercial - Las Vegas j***@yahoo.com Show Phone

Listed By: Jenny Li · License #S.0191657

Source: Crexi

Added: Apr 11 Changed: Aug 14 Last Checked: Aug 14 at 8:05AM

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Investment Insights

Based on property information with market context.

Logic Commercial Real Estate presents a newly constructed single-tenant net lease retail condo offered on an NNN basis with an approximately 10-year lease term. The property is part of a newly built retail center totaling approximately 14,447 rentable square feet and featuring seven tenants.

The retail condo is located on South Las Vegas Blvd in a strong retail corridor adjacent to Las Vegas South Premium Outlets. The site is minutes from Town Square, the Strip, Raiders Stadium, and Harry Reid International Airport, with convenient access from either I-15 or I-215. The interchange area includes traffic counts reported at 36,463 cars per day.

The surrounding site context includes a 131-unit hotel on the same approximately 4.75-acre lot, along with additional nearby hotel options referenced within walking distance.

Key Highlights

• Newly constructed single‑tenant net lease retail condo with a 10‑year NNN lease
• Retail condo in a newly built retail center totaling +/-14,447 SF with seven tenants
• Asking price $1,220,000; total SF +/-1,370; NOI $60,000; cap rate 4.92%

Property Analytics

Property Profile

Current Use

Color by Jazmin Hair Salon Pretty Curl Ink (Bike/Boat/Book/etc) Store International Taco Co Restaurant Cactus Bubble Tea Cafe & Coffee Shop JJ Asian Foodies Restaurant

Suggested Use

Top Pick Dental Office Auto Parts Store Building Supply HVAC Service Kitchen & Bath Showroom Garden Center

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

36,463 VPD

Traffic count

100%

Occupancy

Single-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

909

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 89123, NV

55,584

Population

25,246

Households

2.2

Avg Household Size

42

Median Age

32%

College-Educated

92%

High-School Grad

10.4 sq mi

ZIP Area

5,345

Density / Sq Mi

$80,992

Median Household Income

$46,838

Median Earnings

$1,641

Median Rent

$424,900

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

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Frequently Asked Questions

What type of property is this?

Shopping center - Newly constructed single-tenant net lease retail condo in a multi-tenant retail center with a 10-year NNN lease.

Where is this shopping center located?

The property is located at 7686 S Las Vegas Blvd Las Vegas, NV.

What are key features of this property?

This property features: Newly constructed single‑tenant net lease retail condo with a 10‑year NNN lease; Retail condo in a newly built retail center totaling +/-14,447 SF with seven tenants; Asking price $1,220,000; total SF +/-1,370; NOI $60,000; cap rate 4.92%