Rocksprings Plaza

7175 W. Lake Mead Blvd. Las Vegas, NV 89128

— For Sale —

List Price$25.54MM

Size +/- 39,329 SF

Cap Rate 5.0%

Property Information

LOGIC Commercial Real Estate is pleased to exclusively offer for sale Rocksprings Plaza, a +/- 39,329 SF stabilized multi-tenant trophy retail center servicing the highly coveted Summerlin trade area within Las Vegas, NV. The property is strategically located at the signalized intersection of W. Lake Mead Blvd. and Rock Springs Dr. featuring over +/-500 ft of linear frontage on Lake Mead Blvd and just +/- 750 ft from US-95 Freeway with traffic counts in excess of +/- 159,000 CPD. Rocksprings Plaza was developed in 2006 and has been beautifully maintained with an active owner with pride of ownership, investing in LED lighting through the property and pylon sign and investing in landscape upgrades including turf throughout the asset.

Rocksprings Plaza is 90% leased with NNN leases, largely featuring national tenants with staggered lease expirations, annual rent increases, and an average annual rental rate of $34.11 PSF NNN. The site is surrounded by an affluent trade area consisting of +/- 440,524 residents with an annual household income of +/- $82,640 within a 5-mile radius. This upscale retail center services the dense and affluent Summerlin, Pueblo and Desert Shores communities of northwest Las Vegas. The center is well-positioned with nearby points of interest including Mountain view Hospital, Summerlin Hospital, Suncoast Hotel Casino, Rampart Hotel Casino and Bettye Wilson Soccer Complex.

Contact

Shareholder

Adam Malan

Partner
Las Vegas
License S.0063542.LLC
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O 702.954.4105
C 702.449.1180
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Brokerage

Deana Marcello

Executive Vice President
Las Vegas
License S.0174174
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O 702.954.4104
C 702.375.1022
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