2400 S. Rancho Dr., Las Vegas, NV 89102
Recently Sold —
Size +/- 12,037 SF
Cap Rate 5.56%
LOGIC Commercial Real Estate is pleased to exclusively offer for sale Sahara Rancho Crossings (the ‘Property’), a +/- 12,037 SF multi-tenant retail building built in 2016 and NNN leased to Panera Bread, Noodles & Company, Wells Fargo ATM, State Farm, T-Mobile, and Posh Nails. The building is situated on a +/-1.64 AC pad immediately west of the I-15 Freeway at the signalized northeast corner of Rancho Dr. & Sahara Ave. boasting combined traffic counts in excess of +/- 421,700 CPD. Additional co-tenants within the development include Chick-fil-A, Arizona College of Nursing, Nationwide Nevada, Absolute Dental, DaVita Dialysis Center, Concentra, and the NV Department of Hearing.
The Property is located in close proximity to the World Famous Las Vegas Strip, the Las Vegas Convention Center, the Las Vegas Medical District and Historic Downtown Las Vegas with notable nearby retailers and points of interest including U.S. Bank, Bourbon Street Sports Bar, Subway, McDonald’s, In-N-Out, Bank of Nevada and the newly renovated Palace Station Hotel & Casino. Sahara Rancho Crossings is currently 100% leased with a NOI of $498,743.
Trophy Location | Class A Center:
- The property was constructed in 2016 with Class A finishes.
- Excellent visibility with easy access.
- S. Rancho Dr. and W. Sahara Ave.: +/- 95,700 CPD
- I-15 Freeway: +/- 326,000 CPD
Long-Term NNN Leases | Limited LL Responsibility:
- Long-term NNN leases to strong tenants with limited Landlord responsibilities.
- Credit tenants include Panera Bread, Noodles & Company, Wells Fargo, State Farm, T-Mobile, and more.
Quality Trade Area | High Daytime Traffic:
- The asset services +/- 480,398 residents with an average household income of +/- $55,005
- The property services a dense and under-served immediate trade area with a daytime population of +/-301,034 within a 5-mile radius
High Growth Corridor | Thriving Submarket:
- Nearby amenities include:
- Palace Station Hotel & Casino (+/- 11,600 employees)
- Las Vegas Convention Center
- Las Vegas Strip
- Downtown Las Vegas
- City Hall and Courthouses
Sahara Rancho Crossings
This Offering Memorandum contains select information pertaining to the business and affairs of 2400 S. Rancho Dr., Las Vegas, NV 89102. This Memorandum was prepared based on information supplied by Seller and Broker. It contains selected information about the Property and the real estate market, but does not contain all the information necessary to evaluate the acquisition of the Property. The financial projections contained herein (or in any other Confidential Information) are for general reference only. The projections are based on assumptions relating to the general economy and local competition, among other factors. Accordingly, actual results may vary materially from such projections. Various documents have been summarized herein to facilitate your review; these summaries are not intended to be a comprehensive statement of the terms or legal analysis of such documents.
The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Logic Commercial Real Estate (LCRE). The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Seller, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. While the information contained in the Memorandum and any other Confidential Information is believed to be reliable, neither Broker nor Seller guarantees its accuracy or completeness. Due to the foregoing and since the Property will be sold on an “As Is, Where Is” basis, a prospective purchaser must make its own independent investigations, projections, and conclusions regarding the acquisition of the Property without reliance on this Memorandum or any other Confidential Information. Although additional confidential information which may include engineering, environmental or other reports may be provided to qualified parties as marketing proceeds, prospective purchasers should seek advice from their own attorneys, accountants, engineers, environmental and other experts.
By acknowledging your receipt of this Offering Memorandum from LCRE, you agree:
- 1) The Offering Memorandum and its contents are confidential;
- 2) You will hold it and treat it in the strictest of confidence; and
- 3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.
Seller and LCRE expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and/or until a written agreement for the purchase and sale of the Property has been fully executed and delivered. A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against the Seller or LCRE or any of their affiliates or any of their respective officers, directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property. This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date of this Offering Memorandum. LCRE has a policy of proactive broker cooperation with the investment brokerage community. If applicable, a cooperating broker fee of the sales price shall be paid at closing to the cooperating broker that procures and represents the buyer that acquires this property. If applicable, cooperation does not include brokers that represent themselves as Principals or broker’s whose member of his immediate family is participating in the purchase of the property. No broker will be recognized on a prospect that has previously contacted or been contacted by the Seller or the Seller’s representatives.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT A LCRE AGENT FOR MORE DETAILS.