For Auction

Rancho Alta Mira - Las Vegas, NV

4900 West Craig Road,
Las Vegas, NV 89130Represented by
Logic Commercial Real Estate

Asset Snapshot

Real Estate
Asset Type
Retail
Property Type
Grocery Anchored Center
Retail Subtype
2001
Year Built
1
Floor Count
3
Building Count
155
Parking Spots
3.47 Acres
Land Area
75.33%
Occupancy
Occupancy As Of
Shadowed
Anchor
Albertson's & Humana Healthcare
Anchor Tenant(s)
35,458 SF
Property Size

Offering Summary

Las Vegas Retail | Value Add Opportunity

Shadow Anchored by Albertson’s

 

LOGIC Commercial Real Estate, in conjunction with RealINSIGHT Marketplace, is pleased to offer for sale Rancho Alta Mira, a 35,458 SF portion of a retail center shadow anchored by Albertson’s (NAP) and Humana Healthcare (NAP) within a dense and mature suburb of Las Vegas, NV (the “Property”).  Developed in 2001, the Property is comprised of 3 separate buildings with notable tenants including Urgent Care Extra, Papa Murphy’s, H&R Block, Allstate Insurance and Great Clips.

 

Investment Highlights

HIGH PROFILE MULTI TENANT RETAIL CENTER

  • Albertson’s (NAP) shadow anchored center – one of the dominant grocers servicing the Las Vegas valley
  • Albertson’s enjoys a history of strong store sales that are consistently above market average
  • Strong tenant line up offering a variety of retail services including a healthy mix of national, regional, and local tenants

 

STRATEGIC RETAIL SITE WITH EXCELLENT STREET EXPOSURE

  • This Property services a dense and mature trade area with a strong residential population of +/- 430,512 residents with an average household income of +/- $78,138 within 5-miles
  • Strategically located on W. Craig Rd. (+/- 55,000 CPD) and N. Decatur Blvd. (+/- 37,000 CPD), featuring strong traffic counts and tremendous visibility with easy access. The center is also located in proximity to US-95 Freeway (+/- 151,000 CPD) and CC 215

 

VALUE-ADD OPPORTUNITY

  • Provides immediate upside through lease-up of existing vacancies
  • Under-market rents providing long term upside
  • Well maintained, aesthetically pleasing asset

 

 

 

Due Diligence

Cooperating Broker Fee

Eligible brokers may receive a 0.50% fee when representing the winning bidder.

Learn more in the FAQs

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Shane P. Jacob
c/o Fisher Auction Company Inc.
License: NV20141327564
Clark County: 2000817-056-221; City of Las Vegas: P63-000561

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

info@rimarketplace.com800-915-7015

Closed

This asset was part of the September 12th, 2019 auction event, resulting in a successful transaction that closed in just 49 days.
Ready to sell your asset on the platform with the highest trade rate in the industry?
Interested in additional investment opportunities?
Financing Available

Investment Sales Broker

Brendan Keating
Logic Commercial Real Estate
NV License: 68678
(702) 884-8070bkeating@logicCRE.com

Debt Placement Broker

Jeff Mahoney
Logic Capital Markets
NV License: 62248
(702) 954-4131Jmahoney@Logiccre.com

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.