Paradise Esplanade - Las Vegas, NV
4480 Paradise Rd, Las Vegas, NV, 89169-6532, US
5,456 m²
Asset Description
JLL has been exclusively retained by Ownership to offer qualified investors the opportunity to acquire Desert Ridge Shops (the “Property”), a 12,000 square-foot newly constructed strip center located in the highly coveted suburbs of Summerlin in Las Vegas, NV. Strategically positioned on W Maule Ave and Fort Apache Rd, the Property has excellent visibility and exposure to over 31,000 vehicles per day. Currently 92% leased, the Property features a synergistic mix of daily needs and fast casual food tenants that cater to the surrounding affluent suburban community, shadow anchored by McDonald’s and 7-Eleven.
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Attributes
Asking price
SGD 10,499,000
Cap rate
6.06%
Building area gross
1,115 m²
Occupancy
91.7%
Year built
2024
Land area gross
1 ha
Parking spaces
159
WALT
7.1 years
Media
Investment Highlights
- Diverse Tenant Mix in Prime Summerlin Location
- New Construction in High-Growth Area
- Synergistic Tenant Mix Driving Cross-Traffic
- Affluent and Growing Demographics Driving Retail Demand
Contact brokers
Desert Ridge Shops (0 Properties)
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Last updated
31 Mar 2025
