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Regency Plaza

Las Vegas, NV

$14,980,000

348 N. Nellis Boulevard
Las Vegas, NV

CAP RATE: 7.91%

SF: 66,651

TYPE: Retail

STATUS: Available

Download Marketing Package Below

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Property Highlights

  • National Credit – 72% of the Center consists of National Tenants on Long Term leases including: Goodwill, Chuck E Cheese, IHOP, Del Taco, Metro PCS, T-Mobile and AT&T
  • Stable Income – 100% occupancy with 76% of the tenants’ leases not up for renewal until 2020 or later
  • Below Markets Rents – 65% of the tenants signed current leases during the “Great Recession”
  • Strong Traffic Counts – Signalized Hard Corner location with traffic counts over 61,903 per day
  • Dense Residential Location – Population of over 170,865 residents within a 3-mile radius

Contact an agent:

Cathy Jones
CEO Investment Services Group
Office: (702) 968-7320
Mobile: (702) 595-8765
CathyJ@suncommercialre.com

Roy Fritz
Senior Vice President Investment Services Group
Office: (702) 968-7322
Mobile: (702) 482-9675
RoyF@suncommercialre.com

Jessica Cegavske
Vice President Investment Services Group
Office: (702) 968-7321
Mobile: (702) 326-1590
JessicaC@suncommercialre.com

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The Offering

Sun Commercial Real Estate, Inc. is pleased to offer an exceptional opportunity to purchase Regency Plaza, located at 348 N. Nellis Boulevard in Las Vegas, Nevada. The Property is currently 100% occupied with a strong mix of national tenants, including Goodwill, Chuck E. Cheese’s, Del Taco, IHOP, Leslie’s Pool Supplies, and more.