Logic Commercial Real Estate, Inc. is pleased to present the opportunity to purchase Red Rock Plaza, a +/- 42,206 SF neighborhood retail shopping center anchored by Academy of Hair Design and Dotty’s. Red Rock Plaza is located on West Charleston Blvd. just west of Decatur Blvd., in the West Las Vegas submarket. The property was built in 2006 and is 100% occupied by fifteen (15) tenants.
HIGHLIGHTS:
• STABILIZED SHOPPING CENTER:
100% occupied
• UNDER REPLACEMENT COST:
Discount on replacement cost
• FUTURE VALUE-ADD COMPONENT:
Years 2019 & 2020 present the opportunity to increase rent on below market leases
• GREAT VINTAGE:
Built in 2006, high quality construction
• STRONG LOCATION:
+/- 83,000 CPD at the intersection of Charleston Blvd. & Decatur Blvd.
• DENSE RETAIL CORRIDOR:
Major retailers include: Walmart, Lowes, Big 5 Sporting Goods, 99 Cents Only Stores, PetSmart and more.
• PREVIOUS SALE PRICE:
The property previously sold in 2007 for $20,250,000
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