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Flagship Retail. Dark CVS with income. 2700 Las Vegas Blvd S

14,378 SF 100% Leased Retail Building Las Vegas, NV 89109 £14,983,110 (£1,042/SF) 11.91% Net Initial Yield

Investment Highlights

  • Once in a generation, iconic purchase opportunity in the heart of the surging Las Vegas Strip
  • Opportunity to acquire additional square footage with floors 2/3 of the same building
  • Situated across from the new Fontainebleau Las Vegas Resort & Casino
  • Existing Rent provides owner opportunity to cash flow day one
  • Premier location for flagship restaurant or entertainment concept
  • Adjacent street level parking conveniently located

Executive Summary

Logic Commercial Real Estate is pleased to present the rarest of rare investment or owner-user opportunity, to own a piece of ground floor flagship retail space on the famed Las Vegas Strip. Located at 2700 Las Vegas Blvd S, directly across the street from the new Fontainebleu, the +/- 14,378 SF space is ideal for a flagship retail or restaurant user(s). With 45 floors of residential, consisting of 409 condo units, along with the immense tourism traffic, this offering creates automatic brand awareness for any user.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income £1,783,787 £124.06

Financial Summary (Actual - 2024)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual £1,783,787
Annual Per SF £124.06

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
14,378 SF
Year Built
2007
Price
£14,983,110
Price Per SF
£1,042
Net Initial Yield
11.91%
NOI
£1,783,787
Percent Leased
100%
Number of Floors
3
Building FAR
0.11
Land Acres
2.96 AC
Zoning
Commercial

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • CVS
  • Retailer
  • 14,378 SF
  • -
  • Triple Net
  • Apr 2029
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
CVS Retailer 14,378 SF - Triple Net Apr 2029

Nearby Major Retailers

Starbucks
Benihana
Capriotti's
Denny's
Fat Tuesday
IHOP
Noodles & Company
Grimaldi's Pizzeria
Il Fornaio
The Capital Grille
  • Listing ID: 32393009

  • Date on Market: 09/07/2024

  • Last Updated:

  • Address: 2700 Las Vegas Blvd S, Las Vegas, NV 89109

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