5345 - 5355 S Decatur Blvd. Las Vegas, NV 89118

— Recently Sold —

List Price$1.9MM

Size +/- 5,819 SF

PSF $327

Property Information

Property Overview

The Berg Advisory Group of Logic Commercial Real Estate presents 5355 Decatur, (the ‘Property’), a +/- 5,819 SF multi-tenant strip center located in the Las Vegas MSA. The Property is currently 100% leased and is located in the prime southwest submarket of Las Vegas. The vacancy rate in the southwest submarket is currently one of the lowest in the Las Vegas MSA. 5355 Decatur is located on Decatur Blvd., one of the major thoroughfares in Las Vegas which brings over 36,500 CPD. The Property is located 1.67 miles from the Las Vegas strip, 1.57 miles from the I-15 Freeway and 1.72 miles from the 215 Freeway. 5355 Decatur is also located 1.3 miles from Allegiant Stadium, home to the Las Vegas Raiders.

5355 Decatur is 100% occupied to an established tenancy of Internet resistant businesses. Domino’s Pizza has occupied space at the property since 2000, and Smog Busters has occupied space since 2001. Odd Smoke Shop recently expanded during Covid, showing the strength of the property and area. The new owner will benefit from owning a 100% occupied property located in a dense infill area.

Investment Highlights

  • Good Historical Cash Flow: The Property has maintained a high occupancy with an established tenant mix: Domino’s (2000 Occ.), Smog Busters (2001 Occ.), The Peacemakers Firearms ( 2013 Occ.), and Odd Smoke Shop ( 2017 Occ. with a 2020 Expansion).
  • Southwest Submarket: The Property is located in the desirable Southwest Submarket on the west side of Las Vegas, giving the new owner an opportunity to own a property in the fastest growing submarket in Las Vegas.
  • Strong Central Location: The Property is located 1.3 miles from the newly constructed Allegiant Stadium, home of the Las Vegas Raiders, and is located 1.67 miles from the Las Vegas Strip, 1.57 miles from the I-15 Freeway.
  • Upside Upon Expirations: Odd Smoke Shop and The Peacemakers Firearms have leases terminating in 2023 with no options. Upon expiration, the new owner can convert the leases to NNN leases, therefore improving their cash flow.
  • 100% Occupied Through Covid: All tenants succeeded through Covid, and the Odd Smoke Shop expanded during the pandemic.

Contact

Brokerage

Jeff Berg

Senior Vice President
Las Vegas
License S.0076009.LLC
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O 702.954.4144
C 702.755.5486
More Info
Brokerage

Mica Berg

Senior Vice President
Las Vegas
License S.0076067.LLC
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O 702.954.4143
C 702.755.5559
More Info