2700 Las Vegas BlvdLas Vegas, NV 89109

For Sale
$18,990,000

High-return, CVS-anchored retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A, 14,378 square foot retail property, located at 2700 Las Vegas Blvd S in Las Vegas, NV, presents a rare investment opportunity on the famed Las Vegas Strip. Currently 100% occupied by a CVS Pharmacy under a NNN lease expiring April 30, 2029 (4.4 years remaining), this stabilized asset boasts a strong NOI of $2,260,820 and an attractive 11.91% cap rate. The asking price is $18,990,000, translating to $1,320.77 per square foot. Built in 2007, the property is zoned CT and features irreplaceable visibility near the Fontainebleau and Resorts World. The single-tenant occupancy provides a secure investment, with the tenant currently operating under a "dark" status while still paying full rent. This presents an ideal opportunity for an owner-user to occupy the entire space or sublease a portion. The property's prime location across from the Fontainebleau and future developments, including potential for over 3,000 additional hotel rooms and an NBA arena, promise significant long-term growth potential. The property's APN is 162-09-616-410 and is suitable for a 1031 exchange.

Highlights

  • Iconic Las Vegas Strip location.
  • Creditworthy tenant currently paying full rent despite vacancy.
  • Suitable for owner-occupancy or partial leasing.
  • Exceptional visibility near Fontainebleau and Resorts World.
  • Potential for significant future development adding 3,000+ hotel rooms and an NBA arena across the street.

Property Details for 2700 Las Vegas Blvd

Property type
Other retail properties, Individual retail properties
Square Feet
14,378 SF
Class
A
Year Built
2007

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.13847333
Longitude
-115.1606536
2700 Las Vegas Blvd, Las Vegas, Nevada

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2700 Las Vegas Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message