1820 Lake Mead Blvd North Las Vegas, NV 89030
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12-Tenant Retail Center, High Occupancy
Property size:
28,129 SFProperty 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
Listing Agency: Cambridge Group Listing Agent: Jordan Hanley
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
El Rincón Nayarita
Bar & Pub
Wonderment
(Bike/Boat/Book/etc) Store
Complete Medical Center
Medical Clinic
Styles Salon Suites
Hair Salon
LibertyX Bitcoin ATM
Atm
Location Insight
- Map
- Local Demand
- City
- North Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.121636
- Latitude
- 36.1960992
Nearby Similar for Sale
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.
