Round Hill Square Shopping Center | 212 Elks Point Rd
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Round Hill Square Shopping Center 212 Elks Point Rd
115,984 SF 100% Leased Retail Building Zephyr Cove, NV 89448 $35,400,000 ($305/SF) 6.61% Cap Rate
Investment Highlights
- Excellent historical occupancy with an average occupancy of over 95% over the last 10 years.
- High Tourist Trade Area. Located at the corner of Elks Point Road and Hwy 50. (23,000 AADT).
- Strong Anchor Tenants. Safeway is the largest tenant in the center at 39,398 square feet or 33.9% of total square footage.
- National and Regional Tenant Mix. High percentage of national and regional credit tenants.
Executive Summary
DCG is pleased to present an opportunity to acquire a unique commercial development in the #1 ranked travel destination in the United States. The development is adjacent to two popular beaches and less than two miles from the lake’s largest concentration of hotels at Stateline—the closest retail along the Southeast side of the lake to Zephyr Cove.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
115,984 SF
Building Class
B
Year Built
1998
Price
$35,400,000
Price Per SF
$305
Cap Rate
6.61%
NOI
$2,339,940
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
10.20 AC
Zoning
GC - General Commercial
Parking
494 Spaces (4.26 Spaces per 1,000 SF Leased)
Frontage
161 FT on Elks Point Rd.
Amenities
- Corner Lot
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1318-15-802-010 | Improvements Assessment | $4,235,490 |
| Land Assessment | $647,500 | Total Assessment | $4,882,990 |
PROPERTY TAXES
Parcel Number
1318-15-802-010
Land Assessment
$647,500
Improvements Assessment
$4,235,490
Total Assessment
$4,882,990
Contacts
-
Chris Shanks, CCIM -
Matt DeRicco -
Dominic Brunetti -
Scott Shanks -
Dickson Commercial Group
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Round Hill Square Shopping Center | 212 Elks Point Rd
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