212 Elks Pt Rd 38C, Zephyr Cove, NV 89448-8003

Round Hill Square, located at 212 Elks Point Rd, Zephyr Cove, NV 89448, presents a compelling investment opportunity. This 115,984 square foot, multi-tenant storefront property boasts a 99.67% occupancy rate and a strong NOI of $2,341,946, yielding a 6.61% cap rate. Anchored by a Safeway, this retail center sits on a 10.2-acre lot and benefits from a General Commercial zoning designation. Built in 1998, the property enjoys a prime location adjacent to popular beaches and less than two miles from Stateline's major hotel concentration, making it the closest retail to Zephyr Cove on the lake's southeast side. The asking price for this exceptional investment is $35,400,000. This strategically positioned asset offers significant potential for long-term growth and strong returns in a highly desirable tourist destination. The property's high occupancy and established tenant base provide immediate cash flow and stability. Its location near popular beaches and major hotels ensures consistent foot traffic and customer base. This is a rare opportunity to acquire a well-established, high-performing retail property in a thriving Nevada market.