Technical
Financial
Distress signals
Property profile

2208-2350 Nellis Blvd Las Vegas, NV 89104

OFF-MARKET
Lifestyle centers
140,260 SF 15.55 ac lot Built 1990
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Lifestyle centers
Year built 1990
Total area 140,260 SF
Lot 15.55 ac (677,358 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2208-2350 Nellis Blvd Las Vegas, NV 89104
Las Vegas metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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