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10410 Decatur Blvd

4,680 SF 100% Leased Retail Building Las Vegas, NV 89141 £2,862,961 (£612/SF) 6% Net Initial Yield

Investment Highlights

  • Strong Operating History
  • High Traffic Counts with Access to Freeway
  • High Growth Trade Area
  • Delivered at 100% Occupancy Providing a Stabilized Asset
  • Strong Residential Development
  • Surrounded By Affluent Neighborhoods

Executive Summary

Colliers is pleased to exclusively offer for sale a multi-tenant retail pad located within Cactus Marketplace, a ±33,700 SF neighborhood retail center servicing the highly affluent Southern Highlands and Mountain’s Edge master planned communities. This ±4,680 SF property is NNN leased to a Dairy Queen, State Farm Insurance, a Pharmacy, and Direct Smog Check.
The asset is well positioned within the high growth southwest trade area of Las Vegas, Nevada, just north of the signalized intersection of S. Decatur Blvd. and W. Cactus Ave. with traffic counts in excess of ±44,900 VPD. Cactus Marketplace benefits from its proximity to both the I-15 Freeway (±124,000 VPD) and CC 215 Beltway (±201,000 VPD) and is in proximity to major future developments including a future Station Casino’s hotel/resort/casino development (±126 AC) and a future HCA Hospital (±57 AC) at Cactus Ave. and Las Vegas Blvd. The center is occupied by a mix of national, regional, and local tenants including Papa Johns, Don Tortaco, and Hound House.
The site is surrounded by residential growth, with several new housing communities planned or under construction. Adjacent to the site, is a new multifamily development that is set to deliver ±322 units in 2025.The property resides in an affluent trade area consisting of ±277,434 residents with an average annual household income of ±$117,113 within a 5-mile radius. The property is located adjacent to the Southern Highlands master planned community (±13,000 homes on ±2,299 AC) and is just east of Mountain’s Edge (±12,000 homes on ±3,500 AC) and Rhodes Ranch (±1,200 homes).

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,680 SF
Building Class
B
Year Built
2015
Price
£2,862,961
Price Per SF
£612
Net Initial Yield
6%
NOI
£171,774
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.15
Lot Size
0.71 AC
Zoning
CG - Commercial General

Nearby Major Retailers

Nevada State Bank
Smith's
U.S. Bank
Starbucks
Bank of America
HOTWORX
Stretchlab

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
177-30-412-006
Land Assessment
£241,399
Improvements Assessment
£263,768
Total Assessment
£505,167
  • Listing ID: 32018820

  • Date on Market: 04/06/2024

  • Last Updated:

  • Address: 10410 Decatur Blvd, Las Vegas, NV 89141

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