Sahara Rancho Crossings

2400 S. Rancho Dr., Las Vegas, NV 89102

— For Sale —

List Price$8.3MM

Size +/- 12,037 SF

Cap Rate 6.00%

Property Information

Property Overview

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.

Investment Highlights

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

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
More Info