This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Flamingo Courtyard 3075 E Flamingo Rd

36,601 SF 100% Leased Retail Building Las Vegas, NV 89121 £4,107,863 (£112/SF) 7.94% Net Initial Yield

Investment Highlights

  • Built in 1985; renovated in 2016
  • Less than a 15-minute drive to and from the major interstates, Harry Reid International Airport, and the Las Vegas Strip
  • Diverse tenant mix: gym, church, salon suites, insurance, and accounting offices

Executive Summary

Coldwell Banker Commercial Premier proudly presents Flamingo Courtyard for exclusive acquisition—a ±36,601 square foot multi-tenant retail/office property offering exceptional investment potential. Constructed in 1985 and renovated in 2016, this asset combines prime location and high occupancy to deliver robust cash flow, with significant opportunities to enhance curb appeal, re-tenant spaces, and increase rents for long-term value appreciation.
This neighborhood center is fully leased with a WALT of two and a half (2.5) years, making it an attractive opportunity for value-add investors. The property is anchored by Putter’s Bar & Grill (NAP) and Movement Fitness, which occupies sixty-seven (67%) percent of the center, invested a significant amount into tenant improvements, and recently signed a five-year renewal. Additional tenants include a church, private salon suites, Allstate insurance agency, and an accounting firm, showcasing a well-rounded tenant mix.
Flamingo Courtyard is strategically located in the affluent, established area of Central East Las Vegas. Situated in between S. Eastern Avenue & S. Pecos Road with frontage along a busy E. Flamingo Road boasting an average daily traffic count of ±43,000. The asset is less than a 15-minute drive to and from the Harry Reid International Airport, Interstate-15, Interstate-215, and the Las Vegas Strip.
For further details, refer to the Offering Memorandum or contact broker, thanks!

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
36,601 SF
Building Class
C
Year Built/Renovated
1985/2016
Price
£4,107,863
Price Per SF
£112
Net Initial Yield
7.94%
NOI
£326,202
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.27
Lot Size
3.11 AC
Zoning
CG - General Commercial
Parking
139 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
120 ft on Flamingo Rd

Amenities

  • 24 Hour Access
  • Bus Route
  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Movement Fitness
  • Arts, Entertainment, and Recreation
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Movement Fitness Arts, Entertainment, and Recreation - $9.99 Lorem Ipsum Jan 0000

Nearby Major Retailers

America First Credit Union
Chase Bank
Planet Fitness
Mariana's Supermarkets
Red Lobster
Starbucks
Smart & Final
Dotty's
Citi
IHOP
  • Listing ID: 33909225

  • Date on Market: 18/11/2024

  • Last Updated:

  • Address: 3075 E Flamingo Rd, Las Vegas, NV 89121

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}