Tours Available: October 8 | Lowe’s Retail Center

FOR SALE

Buffalo Square

7550 W. Washington Ave., Las Vegas, NV 89128

PROPERTY OVERVIEW

LOGIC Commercial Real Estate, in conjunction with Ten-X, is pleased to offer for sale the leasehold interest in Buffalo Square (the “Property”), a Lowe’s anchored +/-172,029 SF multi-tenant retail center located within a dense and mature NW suburb of Las Vegas, NV, adjacent to the Summerlin Pkwy. with combined traffic counts in excess of +/- 263,800 CPD. Buffalo Square is comprised of 6 separate buildings with notable tenants including Lowe’s, McDonald’s, 7-Eleven, and O’Reilly Auto Parts. The asset was originally constructed in 2000 on a 55-year ground lease expiring November 2053 with four 10-year options, providing +/- 73 years of remaining ground lease term.

AUCTION DATES
October 19 - 21, 2020

YEAR BUILT
2000

TOTAL SIZE
+/- 172,029 SF

INVESTMENT HIGHLIGHTS

High Profile Multi-Tenant Retail Center:

• Occupied by several high credit tenants:
Lowe’s (NYSE: LOW), McDonald’s (NYSE: MCD),
O’Reilly Auto Parts (Nasdaq: ORLY),
and 7-Eleven.

High Identity Location:

• 360 Degree Trade Area benefits from
residential and commercial density.
• Hard Corner, Signalized Location
• Buffalo Dr. (+/- 31,000 CPD)
• Washington Ave. (+/- 7,800 CPD)
• Summerlin Parkway (+/- 225,000 CPD)

Leasehold Interest:

• Buffalo Square is subject to a long term
ground lease expiring in November 2053.
• Ground Lessee benefits from a Right of First
Offer and Refusal should the Ground Lessor
decide to dispose of the fee.
• Outstanding after-tax returns – Potential to
depreciate 100% of the asset’s purchase
price.*

* Consult your tax professional.


	VIEW OFFERING MEMORANDUM

MALAN | MARCELLO
RETAIL & INVESTMENT ADVISORS

Malan | Marcello Retail & Investment Advisors specialize in development site selection, land acquisition, tenant representation, lender and special servicer representation along with investment sales. Meet with NAIOP's 2020 Retail Brokers of the Year and put their expert deal experience to work for you!