7-Eleven-Anchored Strip
901 N Pecos Rd, Las Vegas, NV 89101
For Sale
$5,767,623
Retail center with fuel service, signalized-corner access, and established residential demand in the surrounding trade area.
Property Size21,720 SF
Lot Size2.15 Acres
Price / SF$265.54
Days on Market47
Property Features for 901 N Pecos Rd
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Corner Location
Anchor Co-Tenants
Traffic Count
Highway Access
Road Access
Additional Details
Cap Rate
Fuel Pumps
Amenities
?Nationally High-Performing 7-Eleven & Fuel Component: The offering includes a 7-Eleven with four fuel pumps located on the same parcel. According to Placer.ai, the store ranks among the top-performin
?Dense, Established Consumer Base: The property serves approximately 229,263 residents within three miles, while the surrounding one-mile trade area reports an average household income of approximatel
?Rare Combination of In-Place Stability & Embedded Rental Upside: The property offers investors stable in-place cash flow with meaningful upside potential, as current rents within the center are appro
Building Details
Building Size
Year Built
Listing Agency:
Marcus & Millichap - Las Vegas
Listed By:
Dustin Alvino · License #License(s): NV: BS.0143692, NJ: 2294556
(702) 215-7120
Source:
Marcusmillichap
Added: Sep 22
Changed: Oct 26
Last Checked: Nov 6 at 5:15AM
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 Marcus & Millichap - Las Vegas
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 21,720-square-foot strip mall was built in 1985 and occupies 2.15 acres at a signalized intersection in Las Vegas. The offering includes a 7-Eleven on the same parcel with four fuel pumps, creating a convenience and fuel component within the center. Approximately 305 feet of frontage and combined traffic counts of about 47,100 vehicles per day support access and exposure.
The property is approximately two miles from Interstate 11 and serves an established residential trade area, with approximately 229,263 residents within three miles and average household income of $63,957 within one mile. Planned development nearby includes more than 1,500 new households in a 95-acre mixed-use redevelopment south of the property and more than 1,000 additional homes to the west along Washington Avenue.
The property is approximately two miles from Interstate 11 and serves an established residential trade area, with approximately 229,263 residents within three miles and average household income of $63,957 within one mile. Planned development nearby includes more than 1,500 new households in a 95-acre mixed-use redevelopment south of the property and more than 1,000 additional homes to the west along Washington Avenue.
Key Highlights
- 21,720‑square‑foot retail center on 2.15 acres
- 7‑Eleven on the same parcel with four fuel pumps
- Approximately 305 feet of frontage at a signalized intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$525,362
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,507,240
$10.5M
Cap Rate 7%
$7,505,171
$7.5M
Cap Rate 9%
$5,837,356
$5.8M
Market Conditions
NOI Build-Up for 21,720 SF
Gross rent
$742.8K $34.20/SF
− Vacancy
−$42.3K −$1.95/SF
EGI
$700.5K $32.25/SF
− OpEx
−$175.1K −$8.06/SF
NOI
$525.4K $24.19/SF
Area
Las Vegas, NV
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,507,240
Cap Rate 7%
$7,505,171
Cap Rate 9%
$5,837,356
Alternative Uses
Best Use
Specialty Retail
$7.51M
$6.57M – $8.76M
NOI $525,362 @ 7.0% cap · market cap 9.11%
Second Best
Retail
$7.00M
$6.13M – $8.17M
NOI $490,338 @ 7.0% cap · market cap 8.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
47,100 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
23,600 visits/mo
0.4 miles
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Las Vegas, NV
Frequently Asked Questions
What type of property is this?
Strip mall - Retail center with fuel service, signalized-corner access, and established residential demand in the surrounding trade area.
Where is this strip mall located?
The property is located at 901 N Pecos Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $5,767,623.
What are key features of this property?
This property features: 21,720‑square‑foot retail center on 2.15 acres; 7‑Eleven on the same parcel with four fuel pumps; Approximately 305 feet of frontage at a signalized intersection
