10410 Decatur BlvdLas Vegas, NV 89141

For Sale
$3,655,000

Las Vegas Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 4,680 square foot, multi-tenant retail property in Las Vegas, Nevada, is anchored by a Dairy Queen and State Farm Insurance. Located at 10410 S Decatur Blvd, this 100% occupied, single-story building boasts a strong NOI of $219,295 and a 6.00% cap rate. Built in 2015, the property sits on a 0.71-acre lot zoned Commercial General (CG) and features four tenants under a NNN lease. The property benefits from its prime location within Cactus Marketplace, a thriving neighborhood retail center, experiencing high traffic counts exceeding 44,900 vehicles per day on Decatur Blvd. Its strategic position near major freeways (I-15 and CC 215 Beltway) and proximity to affluent master-planned communities like Southern Highlands and Mountain's Edge, with a combined 250,000+ homes, ensures a robust customer base. The area's strong demographics, including an average household income of $117,113 within a 5-mile radius, and significant future development, including a planned HCA hospital and Station Casinos project, further enhance the investment potential. This stabilized asset presents a compelling opportunity for investors seeking a high-performing retail investment in a rapidly growing Las Vegas submarket. The asking price is $3,655,000. APN: 177-30-412-006.

Highlights

  • 4,680 SF multi-tenant retail building in Las Vegas, NV, anchored by Dairy Queen and State Farm, 100% occupied, generating a $219,295 NOI and a 6.00% cap rate.
  • High-traffic location on Decatur Blvd (44,900 VPD), near I-15 and CC 215 Beltway, providing excellent visibility and access.
  • Situated in a high-growth area with affluent residential communities (Southern Highlands & Mountain's Edge, totaling 250,000+ homes) and strong demographics ($117,113 average household income within a 5-mile radius).
  • Benefitting from proximity to major hotels (Southpoint, M Resort) and planned developments (HCA hospital, Station Casinos project).
  • NNN leases, built in 2015, 0.71-acre lot (APN: 177-30-412-006), zoned CG, asking price $3,655,000.

Property Details for 10410 Decatur Blvd

Property type
Lifestyle centers, Power centers
Square Feet
4,680 SF
Year Built
2015
Buildings
1
Stories
1
Lot Size (sq. ft)
30,928 SF

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.0002354
Longitude
-115.2071542
10410 Decatur Blvd, Las Vegas, Nevada

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10410 Decatur Blvd
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