logo
ABOUT US SERVICES NEWS CONTACT
picture
FOR SALE
STNL Albertsons
5500 Boulder Hwy., Las Vegas, NV 89122
PROPERTY OVERVIEW
LOGIC Commercial Real Estate is pleased to offer a Single Tenant Net Leased Albertsons situated within Boulder Crossing, a +/- 107,338 square foot shopping center built in 1999 within a dense and mature suburb of Las Vegas, NV. Albertsons, totaling +/- 59,158 square feet, is a dominant grocer in the Las Vegas market and services a 3-mile population of +/- 148,967 residents with average annual household incomes of +/- $62,987. The subject property is positioned at the northwest corner of Boulder Highway and East Tropicana Avenue with combined traffic counts of +/- 59,000 CPD (cars per day).
picture
OFFERING PRICE
$11,486,000
picture
CAP RATE
5.15%
picture
TOTAL SF
+/- 59,158 SF
picture

INVESTMENT HIGHLIGHTS



DOMINANT GROCER:
• 3rd largest grocer with 2,260 stores
• Recently filed their IPO in March 2020
NEW LEASE EXTENSION:
• Lease extension shows long term
commitment from tenant
RECENTLY RENOVATED:
• +/- $1M interior remodel to be
completed Q2 2020

DENSE CUSTOMER BASE:
• More than 375,000 residents within a
5-mile radius
• Traffic counts at intersection exceed
+/- 59,000 CPD
VIEW OFFERING MEMORANDUM
MALAN | MARCELLO
RETAIL & INVESTMENT ADVISORS
Malan | Marcello Retail & Investment Advisors have 24 years of combined experience
specializing in development site selection, land acquisition, tenant representation,
lender and special servicer representation along with investment sales. Meet with
NAIOP's Retail Brokers of the Year (2015, 2016, 2017, and 2019) and put their expertise and deal experience to work for you!
picture
DEANA MARCELLO
VICE PRESIDENT
...
O. 702.954.4104
C. 702.375.1022 dmarcello@logicCRE.com S.174174
CONTACT ME
picture
ADAM MALAN
DIRECTOR
...
O. 702.954.4105
C. 702.449.1180 amalan@logicCRE.com
S.63542
CONTACT ME
picture
BRENDAN KEATING
CEO
...
O. 702.954.4108
C. 702.884.8070
bkeating@logicCRE.com
B.68678
CONTACT ME
picture
1.7MM+
OVER 1.7 MILLION SF
REPRESENTED IN 2019
picture
24+
YEARS OF EXPERIENCE
IN LAS VEGAS
picture
$316 MM
$316,000,000
CLOSED IN 2019/2020
View as Webpage