decatur twain plaza - Colliers International
±50,307 RETAIL CENTER FOR SALE
DECATUR TWAIN PLAZA 3650 S. Decatur Boulevard | Las Vegas, Nevada 89103 WYNN
BELLAGIO
MIRAGE
MANDALAY BAY LUXOR
MGM GRAND ARIA
15
215
880
80 580
87
85
5
780 980
84
92
280 680 880
101
237
4
17
380
80 580
87
85
1
9
5
780 980
84
92
24 152
N
▲
N
▲
N
515
▲ N
▲
93
N
395
CHINA TOWN 160
15
Y VIEW VALLE
E
ARVILL
FL
AM
IN
159
▲
ING
SPR
AIN TW
GO
N
880
237
280 680 880
101
237
380
80 580
87
85
5
780 980
84
92
AIN UNT
MO
515
▲
N
N
▲
▲
T INN DESER
▲
N
INVESTMENT HIGHLIGHTS > This quality asset was developed in 1987 with a timeless brick construction, contemporary feel, and a conventional site plan and layout.
PRICE: $7,800,000 IN PLACE NOI:
$571,602
> Highly desirable retail location with strong tenant demand in the emerging China Town district near the Las Vegas Strip.
CAP RATE:
7.3%
RENTABLE AREA:
50,307 SF
> Strategically located on the busy corner of Decatur Boulevard and Twain Avenue with excellent signage and high traffic counts.
LAND SIZE:
3.85 ACRES
OCCUPANCY:
91.3%
YEAR BUILT:
1987
DEMOGRAPHICS
1 Mile
3 Miles
5 Miles
Population
31,292
147,293
403,850
$42,030
$49,915
$50,276
Income Average HH Claritas 2014
3960 Howard Hughes Parkway Suite 150 Las Vegas, NV 89169 T +1 702 735 5700 F +1 702 731 5709 www.colliers.com/lasvegas
MIKE MIXER
Executive Managing Director Direct +1 702 735 5700 [email protected]
SCOT MARKER
Senior Vice President | Retail Division Direct +1 702 836 3782 [email protected]
93
95
TUR DECA
DECATUR TWAIN PLAZA
215
▲
93
N
237
▲
95
515
▲ ▲
880
237
280 680 880
▲
215
237
380
N 15
95 101
▲
ENCORE
CAESARS
N
VENETIAN
LISA CHEPLAK
Marketing Specialist | Retail Division Direct +1 702 836 3770 [email protected]
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2014. All rights reserved.
93
DECATUR TWAIN PLAZA 3650 S. Decatur Boulevard | Las Vegas, Nevada 89103 WYNN
BELLAGIO
MIRAGE
MANDALAY BAY LUXOR
MGM GRAND ARIA
15
215
880
80 580
87
85
5
780 980
84
92
280 680 880
101
237
4
17
380
80 580
87
85
1
9
5
780 980
84
92
24 152
N
▲
N
▲
N
515
▲ N
▲
93
N
395
CHINA TOWN 160
15
Y VIEW VALLE
E
ARVILL
FL
AM
IN
159
▲
ING
SPR
AIN TW
GO
N
880
237
280 680 880
101
237
380
80 580
87
85
5
780 980
84
92
AIN UNT
MO
515
▲
N
N
▲
▲
T INN DESER
▲
N
INVESTMENT HIGHLIGHTS > This quality asset was developed in 1987 with a timeless brick construction, contemporary feel, and a conventional site plan and layout.
PRICE: $7,800,000 IN PLACE NOI:
$571,602
> Highly desirable retail location with strong tenant demand in the emerging China Town district near the Las Vegas Strip.
CAP RATE:
7.3%
RENTABLE AREA:
50,307 SF
> Strategically located on the busy corner of Decatur Boulevard and Twain Avenue with excellent signage and high traffic counts.
LAND SIZE:
3.85 ACRES
OCCUPANCY:
91.3%
YEAR BUILT:
1987
DEMOGRAPHICS
1 Mile
3 Miles
5 Miles
Population
31,292
147,293
403,850
$42,030
$49,915
$50,276
Income Average HH Claritas 2014
3960 Howard Hughes Parkway Suite 150 Las Vegas, NV 89169 T +1 702 735 5700 F +1 702 731 5709 www.colliers.com/lasvegas
MIKE MIXER
Executive Managing Director Direct +1 702 735 5700 [email protected]
SCOT MARKER
Senior Vice President | Retail Division Direct +1 702 836 3782 [email protected]
93
95
TUR DECA
DECATUR TWAIN PLAZA
215
▲
93
N
237
▲
95
515
▲ ▲
880
237
280 680 880
▲
215
237
380
N 15
95 101
▲
ENCORE
CAESARS
N
VENETIAN
LISA CHEPLAK
Marketing Specialist | Retail Division Direct +1 702 836 3770 [email protected]
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2014. All rights reserved.
93
