7664 Lake Mead Blvd Las Vegas, NV 89128
- Retail properties
- 12,172 SF
- 1.09 lot acres
Current Use by Public Records
- Dr. Christopher Chiodo / Optometrist / Practitioner Service Location
- Dr. Shirlene Luu / Optometrist
- Dr. Anthony Podloski / Optometrist
- Coker Christopher OD / Optometrist
- Hernandez Gabriel OD / Optometrist
Property Details for 7664 Lake Mead Blvd
- Year built
- 1999
- Lot size
- 1.09 lot acres
- Property size
- 12,172 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 12,172 square foot, multi-tenant retail center in the highly desirable Summerlin area of Las Vegas, Nevada. Located at 7664 W Lake Mead Blvd, this property boasts a prime location on a high-traffic corridor, benefiting from over 45,500 vehicles per day and proximity to major roadways including US-95 and Summerlin Parkway. The center is comprised of two, single-story buildings built in 1999, situated on a 1.09-acre lot and zoned C-1. Currently 100% occupied with six tenants, including national brands like Cafe Rio and The Vision Centers, the property generates a strong net operating income (NOI) of $327,344, representing a 5.74% cap rate. The asking price is $5,700,000, or $468.29 per square foot. The staggered lease expirations and diverse tenant mix provide a stable and attractive investment profile. This property offers exceptional visibility and benefits from its location within the Summerlin master-planned community, near Desert Shores, the Northwest Medical District, and Sun City Summerlin. The property's strong financial performance, desirable location, and diverse tenant base make it an ideal investment for discerning buyers. The property features favorable assumable debt.
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
- -115.262
- Latitude
- 36.1965
