for lease the center on tropicana€¦ · albertson’s, walmart, and cvs • 2018 estimated...
TRANSCRIPT
FOR LEASE
THE CENTER ON TROPICANA5705-5725 E. Tropicana Avenue, Las Vegas, Nevada 89122
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
2 5705-5725 E. Tropicana Avenue
The property consists of a ±21,836 square feet one-story retail building
zoned C-2. The Property is located on the Southeast corner of Boulder
Highway and East Tropicana Avenue. This newer construction retail
building is located in a high density residential area, visibility from
Boulder Highway, and minutes from the U.S. 95 Freeway. The Property is
68% occupied with 4 retail suites available sized between ±1,230 square
feet and ±2,112 square feet.
• Suites can be combined and each unit is equipped with two (2) restrooms
• Ample parking provided with 120 total parking spaces at a 5.5/1,000 parking ratio
• High Traffic Count of 29,500 CPD on Boulder Highway and the property is surrounded by national tenants including Albertson’s, Walmart, and CVS
• 2018 estimated population of 357,322 residents living within a five (5) mile radius with an average household income of $63,121
• New Residential Developments Nearby - 2019 Est. Completion
• New Retail Development Plans West of Property
property overview
AREA DESCRIPTION HIGHLIGHTS
Lease Rates:
APN:
Total Available SF:
Availability:
CAMs:
$1.10 - $1.25/SF
±7,039 SF
±1,230 - ±2,112 SF
$0.28/SF
161-21-803-007
General Commercial (C-2)
Lease Type:
Year Built:
Zoning:
NNN
2009
SUMMARY
Ofir [email protected]
Adam Drake, MBA, [email protected]
CONTACT TEAM
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
3 5705-5725 E. Tropicana Avenue
aerial
BOULDER HWY.
E. TROPICANA AVE. ±14,000
SUBJECT PROPERTIES
BOULDER HWY. ±33,000 CPD
MIS
SOUR
I AVE
.
STEP
HANI
E ST
.
MISSOURI AVE.
ANDOVER DR.
New Retail
New Residential
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
4 5705-5725 E. Tropicana Avenue
las vegas valley location map
SUBJECT
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
5 5705-5725 E. Tropicana Avenue
>>
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See Condo List Page
See Condo List Page
See Condo List Page
0010.32
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NO
TES
This map is for assessment use only and does NOT represent a survey.
No liability is assumed for the accuracy of the data deliniated herein. Information on roads and other non-assessed parcels may be obtained from the Road Document Listing in the Assessor's Office.
This map is compiled from official records, including surveys and deeds, but only contains the information required for assessment. See the recorded documents for more detailed legal information.
MA
P LE
GE
ND
USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL
ASSESSOR'S PARCELS - CLARK CO., NV.
Scale: 1" = 200' 8/14/2014
T21S R62E 21 S 2 SE 4 161-21-8
31
30
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1
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6 5 4 3 2
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570
PARCEL BOUNDARYSUB BOUNDARY
ROAD EASEMENTPM/LD BOUNDARY
HISTORIC LOT LINEMATCH / LEADER LINE
ROAD PARCEL NUMBERPARCEL NUMERACREAGE
PARCEL SUB/SEQ NUMBER
PLAT RECORDING NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER
10010011.00
202PB 24-45
55
GL5
HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY
15
8 4
Rev:
TAX DIST
0 200 400 600 800100 SECTION LINE
CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL
141139
161162
179177 178
160
140Michele W. Shafe - Assessor
>>
PT 161-21-304-008
PT 161-21-813-"C"
412
711
814
803801
714
815
715
816410
SHEPPAR
D D
R
POLETTDR
DO
WN
LN
MA
RK
ER
BLACKJA
CKW
YSTACKED C
HIPS R
D
DEALERS CHOICE WY
JACKPOT W
INNER LN
COLOR UP CT
MARKER
DOWN LN
BOX CARS C
T
BIG R
ED CT
DOUBLE DOWN DR
ANTE UP C
T
AVE
BACCARAT AVE
DUECES WILD C
T
STRAIGHT FLUSH DR
PARLAY WY
HIGH W
AGER WY
HIGH ROLLER
LUCKY DRAW CT
FAST PAYOUT CT
LON
GS
HO
T D
R
LOW STAKES CT
HIGH
LON
GS
HO
T D
R
BU
MB
LEB
EE
CIR
FOU
R L
EA
F C
LOV
ER
DR
CARTER CIR
KIL
DA
CIR
BRIENHOLT AVE
DREAM FULFILLED RD
014
013
012
011
008012
009
VAC 950517:1217
BOULDER HWY
BOULDER HWY
STE
PH
AN
IE S
TS
TEP
HA
NIE
ST
TROPICANA AVE
TROPICANA AVE
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See Condo List Page
See Condo List Page
See Condo List Page
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NO
TES
This map is for assessment use only and does NOT represent a survey.
No liability is assumed for the accuracy of the data deliniated herein. Information on roads and other non-assessed parcels may be obtained from the Road Document Listing in the Assessor's Office.
This map is compiled from official records, including surveys and deeds, but only contains the information required for assessment. See the recorded documents for more detailed legal information.
MA
P LE
GE
ND
USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL
ASSESSOR'S PARCELS - CLARK CO., NV.
Scale: 1" = 200' 8/14/2014
T21S R62E 21 S 2 SE 4 161-21-8
31
30
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1
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6 5 4 3 2
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570
PARCEL BOUNDARYSUB BOUNDARY
ROAD EASEMENTPM/LD BOUNDARY
HISTORIC LOT LINEMATCH / LEADER LINE
ROAD PARCEL NUMBERPARCEL NUMERACREAGE
PARCEL SUB/SEQ NUMBER
PLAT RECORDING NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER
10010011.00
202PB 24-45
55
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HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY
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Rev:
TAX DIST
0 200 400 600 800100 SECTION LINE
CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL
141139
161162
179177 178
160
140Michele W. Shafe - Assessor
assessor parcel map
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
6 5705-5725 E. Tropicana Avenue
area demographics (3 mile radius)
Demographic and Income Profile5725 E Tropicana Ave, Las Vegas, Nevada, 89122 2 Prepared by Esri5725 E Tropicana Ave, Las Vegas, Nevada, 89122 Latitude: 36.10102Ring: 3 mile radius Longitude: -115.04829
Summary Census 2010 2018 2023Population 127,693 139,711 150,784Households 47,690 51,135 54,799Families 30,346 32,234 34,457Average Household Size 2.67 2.73 2.75Owner Occupied Housing Units 26,024 26,586 29,171Renter Occupied Housing Units 21,666 24,549 25,628Median Age 35.4 36.6 36.9
Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 1.54% 1.59% 0.83%Households 1.39% 1.48% 0.79%Families 1.34% 1.44% 0.71%Owner HHs 1.87% 2.06% 1.16%Median Household Income 2.20% 2.45% 2.50%
2018 2023 Households by Income Number Percent Number Percent
<$15,000 5,461 10.7% 4,719 8.6%$15,000 - $24,999 5,710 11.2% 5,237 9.6%$25,000 - $34,999 6,741 13.2% 6,614 12.1%$35,000 - $49,999 8,793 17.2% 8,830 16.1%$50,000 - $74,999 10,957 21.4% 11,763 21.5%$75,000 - $99,999 6,330 12.4% 7,867 14.4%$100,000 - $149,999 4,935 9.7% 6,968 12.7%$150,000 - $199,999 1,268 2.5% 1,562 2.9%$200,000+ 940 1.8% 1,239 2.3%
Median Household Income $47,428 $52,874Average Household Income $59,798 $69,053Per Capita Income $22,400 $25,591
Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent
0 - 4 8,942 7.0% 9,209 6.6% 10,073 6.7%5 - 9 8,342 6.5% 8,872 6.4% 9,525 6.3%10 - 14 8,244 6.5% 8,401 6.0% 9,227 6.1%15 - 19 8,638 6.8% 8,007 5.7% 8,664 5.7%20 - 24 9,422 7.4% 9,828 7.0% 9,911 6.6%25 - 34 19,529 15.3% 22,430 16.1% 23,946 15.9%35 - 44 17,894 14.0% 18,346 13.1% 20,679 13.7%45 - 54 17,304 13.6% 17,150 12.3% 17,231 11.4%55 - 64 14,633 11.5% 16,687 11.9% 17,123 11.4%65 - 74 9,068 7.1% 12,981 9.3% 14,506 9.6%75 - 84 4,487 3.5% 5,970 4.3% 7,771 5.2%
85+ 1,188 0.9% 1,831 1.3% 2,127 1.4%Census 2010 2018 2023
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 76,416 59.8% 75,189 53.8% 74,796 49.6%Black Alone 11,976 9.4% 15,483 11.1% 18,055 12.0%American Indian Alone 1,025 0.8% 1,109 0.8% 1,168 0.8%Asian Alone 10,007 7.8% 12,481 8.9% 14,927 9.9%Pacific Islander Alone 983 0.8% 1,149 0.8% 1,308 0.9%Some Other Race Alone 20,366 15.9% 25,624 18.3% 30,451 20.2%Two or More Races 6,921 5.4% 8,676 6.2% 10,080 6.7%
Hispanic Origin (Any Race) 42,614 33.4% 52,645 37.7% 61,038 40.5%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.
September 12, 2018
©2018 Esri Page 3 of 6
Demographic and Income Profile5725 E Tropicana Ave, Las Vegas, Nevada, 89122 2 Prepared by Esri5725 E Tropicana Ave, Las Vegas, Nevada, 89122 Latitude: 36.10102Ring: 3 mile radius Longitude: -115.04829
AreaStateUSA
Trends 2018-2023Trends 2018-2023
Ann
ual R
ate
(in
perc
ent)
2.42.2
21.81.61.41.2
10.80.60.40.2
0Population Households Families Owner HHs Median HH Income
20182023
Population by AgePopulation by Age
Perc
ent
16
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2018 Household Income 2018 Household Income
<$15K10.7%
$15K - $24K11.2%
$25K - $34K13.2%
$35K - $49K17.2%
$50K - $74K21.4%
$75K - $99K12.4%
$100K - $149K9.7%
$150K - $199K2.5%
$200K+1.8%
2018 Population by Race2018 Population by Race
Perc
ent
50
45
40
35
30
25
20
15
10
5
0White Black Am. Ind. Asian Pacific Other Two+
2018 Percent Hispanic Origin: 37.7%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.
September 12, 2018
©2018 Esri Page 4 of 6
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
7 5705-5725 E. Tropicana Avenue
area demographics (5 mile radius)
Demographic and Income Profile5725 E Tropicana Ave, Las Vegas, Nevada, 89122 2 Prepared by Esri5725 E Tropicana Ave, Las Vegas, Nevada, 89122 Latitude: 36.10102Ring: 5 mile radius Longitude: -115.04829
Summary Census 2010 2018 2023Population 326,837 357,322 383,969Households 121,922 130,760 139,560Families 76,817 81,874 87,251Average Household Size 2.68 2.73 2.75Owner Occupied Housing Units 65,433 66,060 72,363Renter Occupied Housing Units 56,488 64,700 67,197Median Age 35.6 36.8 37.2
Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 1.45% 1.59% 0.83%Households 1.31% 1.48% 0.79%Families 1.28% 1.44% 0.71%Owner HHs 1.84% 2.06% 1.16%Median Household Income 2.25% 2.45% 2.50%
2018 2023 Households by Income Number Percent Number Percent
<$15,000 14,726 11.3% 12,678 9.1%$15,000 - $24,999 14,976 11.5% 13,790 9.9%$25,000 - $34,999 16,463 12.6% 16,178 11.6%$35,000 - $49,999 21,766 16.6% 21,847 15.7%$50,000 - $74,999 26,183 20.0% 28,037 20.1%$75,000 - $99,999 15,488 11.8% 19,096 13.7%$100,000 - $149,999 13,242 10.1% 18,318 13.1%$150,000 - $199,999 4,267 3.3% 5,065 3.6%$200,000+ 3,650 2.8% 4,550 3.3%
Median Household Income $47,670 $53,269Average Household Income $63,121 $72,586Per Capita Income $23,432 $26,691
Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent
0 - 4 22,486 6.9% 23,240 6.5% 25,235 6.6%5 - 9 21,485 6.6% 22,523 6.3% 24,100 6.3%10 - 14 21,638 6.6% 21,717 6.1% 23,539 6.1%15 - 19 23,152 7.1% 21,117 5.9% 22,345 5.8%20 - 24 23,939 7.3% 24,933 7.0% 24,571 6.4%25 - 34 47,936 14.7% 56,369 15.8% 59,907 15.6%35 - 44 45,525 13.9% 46,172 12.9% 52,375 13.6%45 - 54 45,141 13.8% 44,223 12.4% 43,820 11.4%55 - 64 37,251 11.4% 43,582 12.2% 44,791 11.7%65 - 74 22,684 6.9% 32,909 9.2% 37,527 9.8%75 - 84 11,884 3.6% 15,269 4.3% 19,778 5.2%
85+ 3,717 1.1% 5,269 1.5% 5,981 1.6%Census 2010 2018 2023
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 195,274 59.7% 194,483 54.4% 194,093 50.5%Black Alone 28,383 8.7% 35,965 10.1% 41,472 10.8%American Indian Alone 2,566 0.8% 2,784 0.8% 2,926 0.8%Asian Alone 24,074 7.4% 29,839 8.4% 35,509 9.2%Pacific Islander Alone 2,340 0.7% 2,668 0.7% 2,995 0.8%Some Other Race Alone 57,138 17.5% 70,261 19.7% 82,282 21.4%Two or More Races 17,063 5.2% 21,322 6.0% 24,692 6.4%
Hispanic Origin (Any Race) 118,128 36.1% 143,164 40.1% 163,924 42.7%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.
September 12, 2018
©2018 Esri Page 5 of 6
Demographic and Income Profile5725 E Tropicana Ave, Las Vegas, Nevada, 89122 2 Prepared by Esri5725 E Tropicana Ave, Las Vegas, Nevada, 89122 Latitude: 36.10102Ring: 5 mile radius Longitude: -115.04829
AreaStateUSA
Trends 2018-2023Trends 2018-2023
Ann
ual R
ate
(in
perc
ent)
2.42.2
21.81.61.41.2
10.80.60.40.2
0Population Households Families Owner HHs Median HH Income
20182023
Population by AgePopulation by Age
Perc
ent
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2018 Household Income 2018 Household Income
<$15K11.3%
$15K - $24K11.5%
$25K - $34K12.6%
$35K - $49K16.6%
$50K - $74K20.0%
$75K - $99K11.8%
$100K - $149K10.1%
$150K - $199K3.3%
$200K+2.8%
2018 Population by Race2018 Population by Race
Perc
ent
50
45
40
35
30
25
20
15
10
5
0White Black Am. Ind. Asian Pacific Other Two+
2018 Percent Hispanic Origin: 40.1%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.
September 12, 2018
©2018 Esri Page 6 of 6