4830 W Craig Rd
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4830 W Craig Rd
11,270 SF Vacant Retail Building Las Vegas, NV 89130 £3,239,041 (£287/SF) 2.32% Net Initial Yield
Investment Highlights
- Albertsons grocery-anchored shopping center
- Located at a high-traffic, signalized intersection with +/- 50,000 CPD
- Other nearby retailers include Walmart, Lowe’s, Boulevard Home, Dollar Tree, Speedway and more
- 2,824 - 9,035 sf end-cap available
- Dynamic co-tenancy within the trade area like Albertsons, Archwell Health, Vitalent, Papa Murphy’s, State Farm, and Great Clips
Executive Summary
Income-producing owner-user opportunity in the highly sought-after Craig Road corridor, one of the busiest and most coveted locations in Las Vegas. This 11,270 SF building is shadow anchored by a high-volume Albertsons grocery store (NYSE: ACI) and currently has three tenants: Dollar Max, occupying the end-cap 2,824 SF (Suite 150); Energym in Suite 110, occupying 2,235 sf; and Wells Fargo, which has an ATM machine in the parking lot. The former Humana space, measuring 6,211 SF, is the only true vacancy. However, Dollar Max will vacate upon request, making the total potential available square footage 9,035 SF.
This presents an excellent opportunity for an owner-user to purchase an amazing property in a prime location and occupy between 6,211 SF and 9,035 SF while collecting rental income from the remaining tenants. The current income with Dollar Max in place is approximately $110,003. An investor could also purchase this property, lease out the available space, and build to a 7% cap rate, making it an attractive investment opportunity in a high-traffic area with strong anchor tenants.
This presents an excellent opportunity for an owner-user to purchase an amazing property in a prime location and occupy between 6,211 SF and 9,035 SF while collecting rental income from the remaining tenants. The current income with Dollar Max in place is approximately $110,003. An investor could also purchase this property, lease out the available space, and build to a 7% cap rate, making it an attractive investment opportunity in a high-traffic area with strong anchor tenants.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
11,270 SF
Building Class
B
Year Built
2007
Price
£3,239,041
Price Per SF
£287
Net Initial Yield
2.32%
NOI
£75,051
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Building FAR
0.22
Land Acres
1.17 AC
Zoning
C-1, Las Vegas - C-1, limited commercial district
Parking
36 Spaces (3.19 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalised Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 130
- 6,211 SF
- Office/Retail
- -
- Now
- 150
- 2,824 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 130 | 6,211 SF | Office/Retail | - | Now |
| 150 | 2,824 SF | Office/Retail | - | Now |
130
| Size |
| 6,211 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
150
| Size |
| 2,824 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 138-01-619-011 | Improvements Assessment | £398,364 |
| Land Assessment | £225,472 | Total Assessment | £623,836 |
PROPERTY TAXES
Parcel Number
138-01-619-011
Land Assessment
£225,472
Improvements Assessment
£398,364
Total Assessment
£623,836
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Sean Margulis -
Landon Tenwolde -
Logic Commercial Real Estate
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4830 W Craig Rd
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