Flamingo Courtyard 3075 E Flamingo Rd 36,601 SF 100% Leased Retail Building Las Vegas, NV 89121 $5,250,000 ($143.44/SF) 7.94% Cap Rate



INVESTMENT HIGHLIGHTS
- Built in 1985; renovated in 2016
- Less than a 15-minute drive to and from the major interstates, Harry Reid International Airport, and the Las Vegas Strip
- Diverse tenant mix: gym, church, salon suites, insurance, and accounting offices
EXECUTIVE SUMMARY
Coldwell Banker Commercial Premier proudly presents Flamingo Courtyard for exclusive acquisition—an opportunistic ±36,601 square foot multi-tenant retail/office property offering exceptional investment potential. Constructed in 1985 and renovated in 2016, this asset combines prime location and high occupancy to deliver robust cash flow, with significant opportunities to enhance curb appeal, re-tenant spaces, and increase rents for long-term value appreciation.
This neighborhood center is fully leased with a WALT of two and a half (2.5) years, making it an attractive opportunity for value-add investors. The property is anchored by Movement Fitness, which occupies sixty-seven (67%) percent of the center, invested a significant amount into tenant improvements, and recently signed a five-year renewal. Additional tenants include a church, private salon suites, Allstate insurance agency, and an accounting firm, showcasing a well-rounded tenant mix.
Flamingo Courtyard is strategically located in the affluent, established area of Central East Las Vegas. Situated in between S. Eastern Avenue & S. Pecos Road with frontage along a busy E. Flamingo Road boasting an average daily traffic count of ±43,000. The asset is less than a 15-minute drive to and from the Harry Reid International Airport, Interstate-15, Interstate-215, and the Las Vegas Strip.
For further details, refer to the Offering Memorandum or contact broker, thanks!
This neighborhood center is fully leased with a WALT of two and a half (2.5) years, making it an attractive opportunity for value-add investors. The property is anchored by Movement Fitness, which occupies sixty-seven (67%) percent of the center, invested a significant amount into tenant improvements, and recently signed a five-year renewal. Additional tenants include a church, private salon suites, Allstate insurance agency, and an accounting firm, showcasing a well-rounded tenant mix.
Flamingo Courtyard is strategically located in the affluent, established area of Central East Las Vegas. Situated in between S. Eastern Avenue & S. Pecos Road with frontage along a busy E. Flamingo Road boasting an average daily traffic count of ±43,000. The asset is less than a 15-minute drive to and from the Harry Reid International Airport, Interstate-15, Interstate-215, and the Las Vegas Strip.
For further details, refer to the Offering Memorandum or contact broker, thanks!
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
36,601 SF
Building Class
C
Year Built/Renovated
1985/2016
Price
$5,250,000
Price Per SF
$143.44
Cap Rate
7.94%
NOI
$416,898
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
3.11 AC
Zoning
CG - General Commercial
Parking
139 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
120’ on Flamingo Rd
AMENITIES
- 24 Hour Access
- Bus Line
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Movement Fitness
- Arts, Entertainment, and Recreation
- -
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$9.99
-
Lorem Ipsum
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Jan 0000
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
Movement Fitness | Arts, Entertainment, and Recreation | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 162-24-513-001 | Improvements Assessment | $1,196,298 |
Land Assessment | $428,959 | Total Assessment | $1,625,258 |