For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers

1820 Lake Mead Blvd North Las Vegas, NV 89030

Sponsored
For Sale
$8,000,000

12-Tenant Retail Center, High Occupancy

Property size:
28,129 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional retail investment opportunity presents The SQUARE, a 28,129 square foot, multi-tenant shopping center located in North Las Vegas, Nevada. Situated at 1820 E Lake Mead Blvd, this Class B property boasts a prime location off I-15 and Lake Mead Boulevard, benefiting from high visibility and convenient access. The property comprises two buildings with multiple ingress/egress points, offering a diverse tenant mix of 12 businesses, including national brands. Currently operating at 92% occupancy, the center generates a strong pro-forma NOI of $541,223, representing a 6.77% pro-forma cap rate. Built in 1979 and extensively renovated in 2018 (including over $100,000 in HVAC upgrades, $70,000 in sewer system improvements, and over $100,000 in tenant space enhancements), the property features a recently resealed roof (2020) and an upgraded pylon sign (2018). The 1.91-acre lot is zoned R-A-DC, and the property benefits from rent bumps and a strong tenant history, providing a stable and attractive investment. The asking price is $8,000,000, translating to $284.40 per square foot. The seller guarantees a 12-month lease on any vacant unit at closing. This NNN-leased property offers a compelling opportunity for investors seeking a stable, high-performing retail asset in a growing market.

Property Features for 1820 Lake Mead Blvd

General Information

Property type
Lifestyle centers
Square Feet
28,129 SF
Class
B
Lot Size
83,200 SF

Building Details

Year Built/Renovated
1979/2018
Buildings
2
Stories
1
Units
12

HighLights

  • 92% occupied, with seller guaranteeing a 12‑month lease on any vacant unit at closing.
  • 1979 construction, extensively renovated in 2018, including HVAC, sewer, and tenant space improvements.
  • Strong tenant history with a diverse mix including national brands like Pearl Vision and Cricket Wireless.
  • High‑traffic location at I‑15 and Lake Mead Blvd, with a prominent pylon sign.
  • 28,129 SF multi‑tenant shopping center on a 1.91‑acre lot, priced at $8,000,000 ($284.40/SF), offering a 6.77% pro‑forma cap rate and $541,223 NOI.
Property Profile Location Intelligence

Current Use by Public Records

El Rincón Nayarita Bar Wonderment Toy Store Complete Medical Center Medical Clinic Styles Salon Suites Beauty Salon LibertyX Bitcoin ATM Atm

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
North Las Vegas
County
Clark
State
Nevada
Longitude
-115.121636
Latitude
36.1960992

FAQs

What type of property is this?
Lifestyle center - 12-Tenant Retail Center, High Occupancy
Where is this lifestyle center located?
The property is located at 1820 Lake Mead Blvd North Las Vegas, NV.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 92% occupied, with seller guaranteeing a 12-month lease on any vacant unit at closing.; 1979 construction, extensively renovated in 2018, including HVAC, sewer, and tenant space improvements.; Strong tenant history with a diverse mix including national brands like Pearl Vision and Cricket Wireless.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message