7460 W Cheyenne Ave Las Vegas, NV 89129
Corner outparcel pad to a community center.
Property size:
3,500 SFLot size:
0.39 AcresProperty Features for 7460 W Cheyenne Ave
General Information
- Standard status
- Active
- Zoning
- c1-Limited Commercial
- Size
- 3,500 SF
- Lot size
- 0.39 Acres
Building Details
- Year built
- 1997
Source:
Crexi
Listing Agency: CBRE - Orange County Listing Agent: Roy Fritz
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Outparcel Pad in Cheyenne Fountains
The property is an outparcel pad to the Shops at Cheyenne Fountains, a community center of approximately 55,225 square feet. The center provides daily needs and services with tenants such as Chevron, Capriotti’s, State Farm Insurance, Las Pupasas Market, Nifty after Fifty Wellness, All State, and Santos Barbershop. Cheyenne Fountains is located on W. Cheyenne Avenue at the signalized corner of N. Buffalo Drive, placing the site along the daily commute of over 60,000 drivers. It is easily accessible to the surrounding 3-mile daytime population of over 140,300. The property is suitable for businesses such as check-cashing and payday loan locations. The property has tenants operating under NNN leases. Rapid Cash Payday Loans has operated from the site since January 2007 and recently extended their lease for an additional 5 years. Upon stabilization through pre-negotiated rent increases or rolling rents to market, the NOI is projected to increase by more than approximately 11% by Year 5 and over approximately 32% during the anticipated 10-year hold period. The property size is 3,500 square feet.
Location Intelligence
Current Use by Public Records
MoneyGram
Bank
Signature Loan
Loan Service
Rapid Cash
Loan Service
Academy
Training Center
The Stash Smoke Shop
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.259442
- Latitude
- 36.218623
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Corner outparcel pad to a community center.
Where is this retail space located?
The property is located at 7460 W Cheyenne Ave Las Vegas, NV.
What are key features of this property?
This property features: - Established Tenant History & Stability: Rapid Cash Payday Loans has operated here since 2007 and recently extended their lease for 5 years.; - Optimal Pad Location: Situated on W. Cheyenne Avenue at the signalized corner of N. Buffalo Drive, with high daily traffic.; - Near Upside Potential and Strong Income Growth: Projected NOI increase of \u00b111% by Year 5.
