2208-2350 Nellis Blvd Las Vegas, NV 89104
- Lifestyle centers
- 140,260 SF
- 15.55 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 2208-2350 Nellis Blvd
- Year built
- 1990
- Lot size
- 15.55 lot acres
- Property size
- 140,260 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents Winterwood Pavilion, a 140,260-square-foot, multi-tenant retail center in Las Vegas, Nevada. Boasting 100% occupancy, this Class B property features 35 tenants, including national and regional brands such as Dollar General Market, DD's Discounts, Planet Fitness, and Harbor Freight Tools. Located at 2208-2350 Nellis Blvd., Las Vegas, NV 89104, this strategically positioned center benefits from high visibility on a major thoroughfare with an average daily traffic count of 69,300 vehicles. The property sits on a 15.55-acre lot with ample parking (1,000 spaces), and features four buildings, three convenient ingress/egress points, and a substantial parking area exceeding requirements. Built in 1990 and extensively renovated in 2004 (with a new two-tenant building constructed in 2023), Winterwood Pavilion offers a stabilized investment with a 6.18% cap rate and a Net Operating Income (NOI) of $2,454,326. The property is zoned CG and features long-term leases with attractive rental increases. This NNN-leased property is ideal for investors seeking a low-risk, high-return investment with strong tenant credit ratings. The asking price is $39,683,303. A full rent roll is available upon request and execution of a non-disclosure agreement.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.065
- Latitude
- 36.1469
