Charleston Blvd Las Vegas, NV 89102
- Lifestyle centers
- 210,866 SF
- 23.26 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 0 Charleston Blvd
- Lot size
- 23.26 lot acres
- Property size
- 210,866 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Westland Fair, a prime retail investment opportunity in Las Vegas, NV, presents 210,866 square feet of a larger 577,000 square foot community shopping center. This multi-tenant property boasts a 96.7% occupancy rate and features a strong lineup of national and regional tenants, including Walmart, Lowe's, PetSmart, Office Depot, Michaels, and Smart & Final. All anchor tenants have occupied the center for at least 30 years, demonstrating exceptional long-term stability. The property includes seven pad buildings housing additional popular restaurants and businesses. Strategically located at a high-traffic intersection in West Las Vegas (Charleston Blvd and Decatur Blvd), the center benefits from over 77,000 vehicles daily at the intersection and proximity to the US 95 and Decatur Blvd interchange (over 210,000 vehicles daily). This infill location serves a dense population, with over 170,000 residents and 229,000 daytime workers within a 3-mile radius. The property's NNN lease structure and below-market anchor rents offer significant potential for NOI growth. The 23.26-acre lot was renovated in 1995. This exceptional offering presents a unique opportunity to acquire a well-established, high-performing retail center in a thriving Las Vegas location. Multiple parcels offer various exit strategies.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.203
- Latitude
- 36.1582
