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Property profile & analytics
OFF-MARKET Estimated value $45,760,000
Outlet malls

875 Grand Central Pkwy Las Vegas, NV 89106-4541

572,995 SF 38.94 ac lot Built 2003
Entity Owned 2-yr Hold Free & Clear
Property ID
US62-0533274
Property summary
AI-generated overview

This exceptional 1,188 square foot retail sublease opportunity is located within the prestigious Las Vegas North Premium Outlets, a Class B, single-story building constructed in 2003 and renovated in 2015. Situated on a substantial 38.94-acre lot (APN 139-33-710-005) in the highly sought-after Resort Corridor submarket of Las Vegas, Nevada (875 S Grand Central Pkwy, 89106), this property offers unparalleled access to a significant consumer base. The entire center encompasses 675,188 square feet, featuring a diverse range of over 175 designer and name-brand stores, creating a vibrant and bustling shopping environment. This sublease provides access to a thriving retail destination, conveniently located off I-15 at Exit 41, with easy access to public transportation and ride-sharing services. The space is available through December 31, 2033, and is part of a multi-tenant building zoned PD. The property's open-air, village-style design enhances the shopping experience, attracting a large volume of foot traffic. This is a rare chance to secure a prime retail space in one of Las Vegas's most successful shopping centers, alongside prominent brands such as Michael Kors, Pandora, Tory Burch, Coach, Nike, lululemon, and Burberry. The building has a 0.4 FAR.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2003
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 572,995 SF
Lot 38.94 ac (1,696,226 SF)
APN 139-33-710-005
UPID US62-0533274
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kung Pao Wok Restaurant
  • Green Leaf's & Bananas Take-out & Catering
  • ChargePoint Charging Station Electric Vehicle Charging Station
  • Tesla Supercharger Electric Vehicle Charging Station
  • grand central pkwy Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$45.76M
Owner & transaction history
City Of Las Vegas · 2 yrs held
City Of Las Vegas
since 2023
2 recorded transactions
2023
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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