2987 Las Vegas Blvd N, North Las Vegas, NV
Stabilized retail asset with redevelopment potential in North Las Vegas.
- Added:
- Aug 26, 2025
- Days on Market:
- 290
- Last Refresh:
- May 20 at 8:32 pm
Property Features for 2987 Las Vegas Blvd N
General Information
- Standard status
- Active
- Size
- 50,358 SF
- Lot size
- 3.80 Acres
- Property subtype
- RETAIL
Listing agent Adam Malan
Listing office Colliers | Las Vegas (702) 735-5700
Listing date Aug 26, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Las Vegas
HighLights
- New absolute NNN 5‑year master lease backed by a proven operator
- Flexible seller financing available
- Stabilized asset with redevelopment and/or mark‑to‑market rent upside
- Versatile redevelopment potential
- Strong traffic, excellent visibility and regional access
- Dynamic North Las Vegas submarket growth
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $906.4k | $18.00 |
| − Vacancy | −$39.9k | −$0.79 |
| EGI | $866.6k | $17.21 |
| − OpEx | −$260.0k | −$5.16 |
| NOI | $606.6k | $12.05 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- North Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.099
- Latitude
- 36.2148
