3421 Tropicana Ave Las Vegas, NV 89121-7389

Property Details for 3421 Tropicana Ave

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.39 lot acres

Property size

24,400 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

161-30-101-003

APU

16130101003

Description

Pecos Center, a 24,222-square-foot shopping center in Las Vegas, Nevada, is offered at $4,300,000. Built in 1980, this retail property sits on a 1.39-acre lot (APN 16130101003) at 3421 E Tropicana Ave, Las Vegas, NV 89121, and is zoned CG. Currently 65% occupied, with an occupancy date of September 1, 2024, the center boasts a strong tenant mix including 7-Eleven, Burger King (NAP), and other local businesses. Recent capital improvements include roof repairs and upgraded LED lighting. The property benefits from high visibility and traffic counts of approximately 64,000 vehicles daily at the southeast corner of Tropicana Avenue and Pecos Road. Its prime location serves a substantial population of over 442,416 residents within a 5-mile radius, with an average household income exceeding $80,173. This value-add opportunity presents significant potential for increased NOI through leasing the vacant suites, which feature second-generation improvements. The property features prominent signage, including two pylon signs and one monument sign. Its proximity to UNLV and major transportation arteries further enhances its long-term growth prospects. This investment offers a compelling blend of established tenants, strong demographics, and significant upside potential.