North Las Vegas Retail
2987 Las Vegas Blvd N North Las Vegas, NV
For Sale
Contact for pricing
Stabilized retail asset with redevelopment potential in North Las Vegas.
Property Size50,358 SF
Lot Size3.80 Acres
Price / SF$150.92
Days on Market335
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 Agency:
Colliers | Las Vegas
(702) 727-3778
Listed By:
Adam Malan · License #63542
Source:
Moodyscre
Added: Aug 26, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:31AM
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
Investment Insights
Based on property information with market context.
This stabilized retail asset, located in North Las Vegas, offers redevelopment and mark-to-market rent upside. The property features a new absolute NNN 5-year master lease backed by a proven operator. Benefiting from strong traffic, excellent visibility, and regional access, the property also presents versatile redevelopment potential. It is situated within a dynamic North Las Vegas submarket experiencing growth. The property has a size of 50358 square feet.
Key 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
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 |
50,358 SF · lease $18.00/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.67M
$7.58M – $10.11M
NOI $606,592 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.63M
$11.92M – $15.90M
NOI $953,942 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fredesvinto
Food Processing Plant
4D Commissary #5 ...
Warehouse & Storage
Onedia's Southern Cuisine ...
Catering Service
Taste'e Meal Prep
Restaurant
Taste Budz Las ...
Restaurant
FAQs
What type of property is this?
Shopping center - Stabilized retail asset with redevelopment potential in North Las Vegas.
Where is this shopping center located?
The property is located at 2987 Las Vegas Blvd N North Las Vegas, NV.
What is the asking price?
The asking price for this property is $7,600,000.
What are key features of this property?
This property features: 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
