7575 Norman Rockwell Ln Las Vegas, NV 89143

Property Details for 7575 Norman Rockwell Ln

Year built

2006

Property size

45,134 SF

Property type

Mixed-use properties

Description

This exceptional mixed-use investment opportunity, located at 7575 Norman Rockwell Ln, Las Vegas, NV 89143, presents a compelling case for investors seeking a stabilized, high-performing asset. The property encompasses 45,134 square feet of net rentable space distributed across seven buildings on a 252,212 square foot lot. Currently boasting 86.7% occupancy with 26 tenants, the property generates a substantial net operating income (NOI) of $1,108,908, yielding a 7.15% cap rate. A pro-forma NOI of $1,226,055 projects a 7.91% cap rate, highlighting significant upside potential. The property features a diverse tenant mix including retail, office, and residential components, reflecting the vibrant community it serves. Built in 2006 and renovated in 2023, the Class A property benefits from a prime location near a major Northwest Las Vegas off-ramp, ensuring high visibility and accessibility. The asking price is $15,509,000, translating to $343.62 per square foot and $534,793.10 per unit. The property is zoned TC and features 29 units across two stories. Recent additions to the tenant roster include notable local businesses such as Eggworks, La Casa de Juliette, Featherblade, Nittaya's Little Kitchen, Coffee Religion, and the Sunstone Master Community Association, further solidifying the property's strong position within the market. This NNN-leased property offers a secure investment with a proven track record of success and significant growth potential. The property is offered for sale by owner.

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Longitude

-115.28

Latitude

36.2987