STNL Albertsons | 11+ Yrs of Term | 5.15% CAP

FOR SALE

STNL Albertsons

5500 Boulder Hwy., Las Vegas, NV 89122

PROPERTY OVERVIEW

LOGIC Commercial Real Estate is pleased to offer a Single Tenant Net Leased Albertsons situated within Boulder Crossing, a +/- 107,338 square foot shopping center built in 1999 within a dense and mature suburb of Las Vegas, NV. Albertsons, totaling +/- 59,158 square feet, is a dominant grocer in the Las Vegas market and services a 3-mile population of +/- 148,967 residents with average annual household incomes of +/- $62,987. The subject property is positioned at the northwest corner of Boulder Highway and East Tropicana Avenue with combined traffic counts of +/- 59,000 CPD (cars per day).

OFFERING PRICE
$11,486,000

CAP RATE
5.15%

TOTAL SF
+/- 59,158 SF

INVESTMENT HIGHLIGHTS

DOMINANT GROCER:

• 3rd largest grocer with 2,260 stores
• Tenant filed their IPO in March 2020

NEW LEASE EXTENSION:

• Lease extension shows long term
commitment from tenant

RECENTLY RENOVATED:

• +/- $1M interior remodel to be
completed Q2 2020

DENSE CUSTOMER BASE:

• More than 375,000 residents within a
5-mile radius
• Traffic counts at intersection exceed
+/- 59,000 CPD


	VIEW OFFERING MEMORANDUM

MALAN | MARCELLO
RETAIL & INVESTMENT ADVISORS

Malan | Marcello Retail & Investment Advisors have 24 years of combined experience specializing in development site selection, land acquisition, tenant representation, lender and special servicer representation along with investment sales.
Meet with NAIOP's 2020 Retail Brokers of the Year and put their expert deal experience to work for you!