SILVERADO PLAZA - LAS VEGAS, NV 8150-8200 S Maryland Pky

96% occupied retail and medical shopping center investment located in prime Las Vegas, Nevada.
INVESTMENT HIGHLIGHTS
• Diverse Tenant Mix: 96% leased to a well-rounded mix of national brands, local dining, medical, and specialty retailers, including Starbucks with a drive thru, Aloha Kitchen and Bar, Elite Family Dental, and Lasik of Nevada. This diverse lineup attracts a broad customer base, ensuring stability and consistent foot traffic.
• High Occupancy with Established Tenants: Nearly fully occupied, with most tenants in place since 2015-2016. This long-standing occupancy offers a reliable income stream and reflects strong tenant satisfaction and lease stability.
• NNN Lease Structure: All tenants are on triple net (NNN) leases, transferring property operating costs to tenants and reducing landlord responsibilities, making this an ideal low management investment.
• Built-In Rent Growth: Most leases feature 3% to 3.5% annual rent escalations, providing reliable, built-in revenue growth over time and enhancing long-term income potential.
• Below-Market Rents with Upside Potential: Current rental rates at Silverado Plaza are below market levels, offering a significant value-add opportunity for investors. This below-market positioning provides the potential for increased revenue in future lease renewals or new tenant agreements, enhancing long-term returns.
• Listed Below Appraised Value: An official appraisal conducted just two months ago valued the property $590,000 ABOVE the current list price at $9,210,000; providing immediate equity and value for investors.
•Prime Location on High-Traffic Corridor: Located on S. Maryland Parkway, a main thoroughfare near The Strip, UNLV, and Harry Reid Airport. This high traffic area ensures excellent visibility and draws both local residents and tourists, supporting strong tenant performance.
• Synergistic Tenant Mix: The combination of popular dining, medical, fitness, and specialty retail creates a dynamic environment that encourages customers to stay longer and visit frequently, boosting tenant success and satisfaction.
• Ample Parking for High Traffic: The shopping center features abundant parking, ensuring convenience for customers and supporting high tenant retention. The ample parking layout accommodates peak traffic, making it easy for visitors to access each business within the center.
• Modern, Well-Maintained Building: Built in 2008, the property boasts high-quality construction and has been meticulously maintained. This modern structure provides a durable, attractive environment for tenants and minimizes the need for major capital expenditures.
• Strong Market Dynamics: Las Vegas’s rapid population growth, economic diversification, and favorable tax environment make it an attractive, resilient market for investors. Property values have strong potential for appreciation in this thriving market.