Flagship Retail. Dark CVS with income. | 2700 Las Vegas Blvd S
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Flagship Retail. Dark CVS with income. 2700 Las Vegas Blvd S
14,378 SF 100% Leased Retail Building Las Vegas, NV 89109 $18,990,000 ($1,321/SF) 11.91% Cap Rate
Investment Highlights
- Once in a generation, iconic purchase opportunity in the heart of the surging Las Vegas Strip
- Opportunity to acquire additional square footage with floors 2/3 of the same building
- Situated across from the new Fontainebleau Las Vegas Resort & Casino
- Existing Rent provides owner opportunity to cash flow day one
- Premier location for flagship restaurant or entertainment concept
- Adjacent street level parking conveniently located
Executive Summary
Logic Commercial Real Estate is pleased to present the rarest of rare investment or owner-user opportunity, to own a piece of ground floor flagship retail space on the famed Las Vegas Strip. Located at 2700 Las Vegas Blvd S, directly across the street from the new Fontainebleu, the +/- 14,378 SF space is ideal for a flagship retail or restaurant user(s). With 45 floors of residential, consisting of 409 condo units, along with the immense tourism traffic, this offering creates automatic brand awareness for any user.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$2,260,820
|
$157.24
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $2,260,820 |
| Annual Per SF | $157.24 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
14,378 SF
Year Built
2007
Price
$18,990,000
Price Per SF
$1,321
Cap Rate
11.91%
NOI
$2,260,820
Percent Leased
100%
Building Height
3 Stories
Building FAR
0.11
Land Acres
2.96 AC
Zoning
Commercial
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- CVS
- Retailer
- 14,378 SF
- -
- Triple Net
- Apr 2029
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| CVS | Retailer | 14,378 SF | - | Triple Net | Apr 2029 |
Nearby Major Retailers
-
Chris Richardson, CCIM -
Michael Kaplan -
Logic Commercial Real Estate
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Flagship Retail. Dark CVS with income. | 2700 Las Vegas Blvd S
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