STNL Albertsons – Boulder Crossing

5500 Boulder Hwy., Las Vegas, NV 89122

— Recently Sold —


Size +/- 59,158 SF

Cap Rate 5.15%

Property Information

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 +/- 156,463 residents with average annual household incomes of +/- $62,415. The subject property is positioned at the northwest corner of Boulder Highway and East Tropicana Ave. with combined traffic counts of +/- 48,800 CPD (cars per day).

In March 2020, Albertsons filed their IPO and Kimco Realty Corp. (NYSE: KIM), one of North America’s largest publicly traded owners and operators of open air, grocery-anchored shopping centers and mixed-use assets, announced that the company will partially monetize its investment in Albertsons Companies, Inc. (Albertsons) in conjunction with Albertsons’ $1.75 billion sale of convertible preferred stock. Albertsons benefits from a consistent sales history at this location and increased in the past year leading to renewing their lease through 2032 along with six (6) 5-year options to extend the term through 2062. Additionally, the tenant completed a +/-$1mm interior remodel in Q2 2020.


Brendan Keating Logic Commercial Real Estate

Brendan Keating

Las Vegas
License B.0068678.LLC
O 702.954.4108
C 702.884.8070
More Info