Tonopah Plaza

3153, 3155 N. Rancho Dr., Las Vegas, NV 89130

— For Sale —

Offering Price $4,550,000

Total Square Footage ± 36,407 SF

Price Per Square Foot $125 PSF

Opportunity Value-Add

Property Information

Tonopah Plaza is a ± 36,407 SF anchored shopping center located in north Las Vegas at the signalized intersection of N. Rancho Dr. and W. Cheyenne Ave. This value-add property sits at 70% vacancy including a ± 18,670 SF junior-anchor opportunity. The center has high traffic with over 52,500 CPD along W. Cheyenne Ave. positioned along Hwy. 95. Many tenants in place are at below-market rent with an average $1.56 PSF NNN monthly rental rate across the property. Weighted average lease term remaining is at 16 months with opportunity to re-lease expired and upcoming expirations.

The property is anchored by the separately-owned Savers 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 550 spaces. The property is surrounded by a heavy residential development with just under 6,400 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