7501 Lake Mead Blvd Las Vegas, NV 89128

Property Details for 7501 Lake Mead Blvd

Property type

Lifestyle centers

Property subtype

Power centers

Description

Summerhill Plaza, located at 7501 W Lake Mead Blvd, Las Vegas, NV 89128, presents a compelling investment opportunity in a prime location within Clark County. This retail center boasts a 99% occupancy rate, generating a secure and consistent income stream. The property's strategic position at the intersection of W Lake Mead Blvd (31,000+ ADT) and Buffalo Dr (42,000+ ADT) ensures high visibility and accessibility, attracting over 5,000 daily visitors. Six convenient access points further enhance customer convenience. The center is anchored by EOS Fitness, which recently completed a full remodel and signed a new 15-year lease, and also features Sola Salons, also with a 15-year lease, Starbucks, and Einstein Bros Bagels. These national tenants, along with others, contribute to a diverse and balanced retail environment. Over 80% of tenants have occupied the space for over a decade, demonstrating the property's enduring appeal. The surrounding area is characterized by affluent residential communities, including Summerlin and South Shores, with average incomes within a 3-mile and 5-mile radius exceeding $90,000 and $100,000 respectively, and projected to increase further by 2029. This strong demographic profile provides a robust customer base with significant purchasing power. The property's exceptional location, high occupancy, strong tenant mix, and affluent surrounding demographics make Summerhill Plaza an attractive investment opportunity with significant long-term potential.

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Longitude

-115.258

Latitude

36.195