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1375 E Tropicana Ave
8,794 SF of Retail Space Available in Las Vegas, NV 89119
Highlights
- Prime +/- 8,794 Sf 2nd-generation restaurant located across UNLV and the Thomas & Mack Center
- Fully equipped restaurant space with existing kitchen and hood system.
- Single Tenant, freestanding restaurant building with high visibility on busy intersection (+/- 75,00 combined CPD)
- Grease trap and large walk in cooler(s) already in place
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 8,794 SF | Negotiable | $33.00 /SF/YR $2.75 /SF/MO $290,202 /YR $24,184 /MO | Triple Net (NNN) |
1st Floor
\
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Space is in Excellent Condition
- Former Resturant
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1375 E Tropicana Ave , Las Vegas, NV 89119
| Property Type | Retail | Year Built | 1992 |
| Property Subtype | Restaurant | Parking Ratio | 9.67/1,000 SF |
| Gross Leasable Area | 8,794 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 8,794 SF |
| Year Built | 1992 |
| Parking Ratio | 9.67/1,000 SF |
About the Property
LOGIC Commercial Real estate is proud to present this prime restaurant opportunity in the heart of Las Vegas' university district. This turnkey ±8,794 SF former Macayo's restaurant sits on ±1.28 acres directly across from UNLV and the Thomas & Mack Center. The fully-equipped space features an existing kitchen with hood system, walk-in coolers, and grease trap. Located just ±1.8 miles east of the Las Vegas Strip, the property benefits from excellent visibility at a busy intersection with ±75,000 combined CPD and prominent pylon signage opportunities. The strategic location taps into a robust customer base with 26,505 residents within one mile and an average household income of $60,122. The property offers abundant parking at a 10:1 ratio and potential for expansion - an adjacent ±0.77-acre parcel can be combined to create a ±2.05-acre development opportunity with ±215 linear feet of frontage on Tropicana Avenue. This established restaurant site presents an exceptional opportunity in a high-traffic area near Harry Reid International Airport, with strong demographics and significant development potential.
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Nearby Major Retailers
Contacts
-
Sean Margulis -
Landon Tenwolde -
Gilberto Villegas -
Logic Commercial Real Estate
Presented by
1375 E Tropicana Ave
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