Lone Mountain Plaza

4810-4848, 4858-4920 W. Lone Mountain Rd., Las Vegas, NV 89130

— For Sale —

Offering Price $7,700,000

Total Square Footage ± 61,450 SF

Price Per Square Foot $125 PSF

Opportunity Value-Add

Property Information

Lone Mountain Plaza is a ± 61,450 SF anchored shopping center located in north Las Vegas at the signalized intersection of W. Lone Mountain Rd. and N. Decatur Blvd. This value-add property sits at 67% vacancy including a ± 25,350 SF junior-anchor opportunity. The center has high traffic with over 25,200 CPD along N. Decatur Blvd. positioned less than 2 miles from Hwy. 95. Many tenants in place are at below-market rent with an average $1.52 PSF monthly rental rate across the property. Weighted average lease term remaining is at 23 months with opportunity to re-lease expired and upcoming expirations.

The property is anchored by the separately-owned American Freight discount furniture and appliance retailer. A separately-owned drive-thru McDonald’s sits on the corner of the shopping center. The property features ample parking with over 680 spaces. The property is surrounded by a heavy residential development with over 6,200 homes within a 1-mile radius.

Contact

Ian Cochran Logic Commercial Real Estate
Brokerage

Ian Cochran, CCIM

Partner
Reno
License B.145434.LLC
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O 775.433.1102
C 775.225.0826
More Info
Greg Ruzzine Logic Commercial Real Estate
Brokerage

Greg Ruzzine, CCIM

Partner
Reno
License BS.145435
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O 775.433.1103
C 775.450.5779
More Info