Burlington | 5055 W Sahara Ave
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Burlington 5055 W Sahara Ave
36,495 SF Retail Building Las Vegas, NV 89146 £5,484,014 (£150.27/SF) 5.85% Net Initial Yield
INVESTMENT HIGHLIGHTS
- NATIONAL HIGH-CREDIT TENANT: Burlington is a well-known national retailer with a BB+ credit rating from S&P.
- LONG-TERM OCCUPANCY POTENTIAL: Burlington has the option to extend its occupancy for up to ±25 years, including current lease term & renewal options.
- INCOME TAX FREE STATE: Nevada has no state income tax.
- BELOW MARKET RENT: Burlington's current rent is ±23% below market rent.
- STRATEGIC LOCATION: The Property is strategically located just off the signalized SW corner of W Sahara Ave & S Decatur Blvd.
EXECUTIVE SUMMARY
Link to OM: https://logiccre.com/1031_properties/5055-w-sahara-ave/
The Investment Services Group of LOGIC Commercial Real Estate has been exclusively retained to offer investors the opportunity to acquire a ± 36,495 SF retail anchor junior box 100% occupied by Burlington (NYSE: BURL) in a dense retail corridor in Las Vegas, NV. The Property is strategically located at the signalized southwest corner of W. Sahara Ave. & S. Decatur Blvd. Traffic counts at this intersection are ± 85,038 cars per day. Within the Sahara Decatur Plaza, a ± 125,000 SF community retail center spanning ± 12 AC, the Property is situated on ± 2.57 AC. The Property is nestled in a densely populated area seeing a three mile population of 154,238.
Burlington is an off-price department store offering a wide selection of women’s, men’s, and kids’ clothing, along with accessories and home decor. Operating ±1,100 stores across 46 states and Puerto Rico, Burlington is committed to providing customers great deals on quality merchandise.
Link to OM: https://logiccre.com/1031_properties/5055-w-sahara-ave/
The Investment Services Group of LOGIC Commercial Real Estate has been exclusively retained to offer investors the opportunity to acquire a ± 36,495 SF retail anchor junior box 100% occupied by Burlington (NYSE: BURL) in a dense retail corridor in Las Vegas, NV. The Property is strategically located at the signalized southwest corner of W. Sahara Ave. & S. Decatur Blvd. Traffic counts at this intersection are ± 85,038 cars per day. Within the Sahara Decatur Plaza, a ± 125,000 SF community retail center spanning ± 12 AC, the Property is situated on ± 2.57 AC. The Property is nestled in a densely populated area seeing a three mile population of 154,238.
Burlington is an off-price department store offering a wide selection of women’s, men’s, and kids’ clothing, along with accessories and home decor. Operating ±1,100 stores across 46 states and Puerto Rico, Burlington is committed to providing customers great deals on quality merchandise.
Link to OM: https://logiccre.com/1031_properties/5055-w-sahara-ave/
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
36,495 SF
Building Class
C
Year Built/Renovated
1988/2019
Price
£5,484,014
Price Per SF
£150.27
Net Initial Yield
5.85%
NOI
£320,815
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.33
Lot Size
2.57 AC
Zoning
C-G, County
Parking
119 Spaces (3.26 Spaces per 1,000 SF Leased)
Frontage
313 ft on Sahara Ave
AMENITIES
- Bus Route
- Pylon Sign
- Signage
- Signalised Intersection
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 163-12-502-005 | Improvements Assessment | £375,253 |
| Land Assessment | £574,210 | Total Assessment | £949,463 |
PROPERTY TAXES
Parcel Number
163-12-502-005
Land Assessment
£574,210
Improvements Assessment
£375,253
Total Assessment
£949,463
CONTACTS
-
Cathy Jones -
Blaze Katz -
Paul Miachika -
Karim Chatoor -
Logic Commercial Real Estate
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Burlington | 5055 W Sahara Ave
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