Listing Summary
100% Leased NNN Retail Center for Sale in Las Vegas, NV | $105K+ Avg HHI
Prime 14,282 SF retail investment anchored by Sierra Gold in Las Vegas. 100% occupied NNN neighborhood center with proven tenant retention on 2.04 acres.
Full Description
Commercial Real Estate Investment Listing: 2400 North Buffalo Drive
Prime NNN Neighborhood Retail Center in Las Vegas, NV
2400 North Buffalo Drive presents an exceptional opportunity to acquire a 100% leased, six-tenant NNN neighborhood retail center in the highly dynamic Las Vegas, Nevada market. Spanning 14,282 square feet of gross leasable area on a spacious $\pm 2.04$-acre parcel, this stabilized asset combines passive, durable in-place cash flow with a pristine, long-term track record of tenant commitment and operational success.
The property is anchored by Sierra Gold, a highly successful local gaming tavern brand occupying approximately 50% of the GLA. Sierra Gold’s long-term commitment is secured through July 2031, with an additional five-year renewal option remaining. Built on a foundation of long-term tenancy, strong submarket fundamentals, and a signalized corner location, 2400 N Buffalo Drive is an ideal portfolio acquisition for 1031-exchange investors, private capital groups, and CRE funds seeking predictable income and wealth preservation.
Unrivaled Tenant Retention & Stable NNN Cash Flow
What sets this Las Vegas retail center apart is its exceptional, documented history of tenant stability:
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100% Lease Renewal Record: Every tenant in place when current ownership acquired the property in 2017 remains in active operation today, with 100% of operating tenants having exercised one or more lease extensions.
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Deep-Rooted Historical Occupancy: All but one current tenant predate current ownership. Three key tenants—representing more than two-thirds of the total gross leasable area—had already occupied the center for at least five years prior to the 2017 acquisition.
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Long-Term Anchor Commitment: Sierra Gold provides an unbeatable anchor driver with a lease running through mid-2031, providing strong, continuous foot traffic to the site.
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Passive NNN Structure: Triple-Net (NNN) lease structures allow for minimal management oversight and offer strong protection against operating expense inflation.
Prime Signalized Corner Location & High-Traffic Accessibility
Situated at a signalized hard corner on North Buffalo Drive, the property commands high visibility and excellent accessibility within a high-density trade area:
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Heavy Daily Traffic: Subject site benefits from exposure to approximately 40,000 combined vehicles per day (VPD) across key surrounding thoroughfares.
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Seamless Access & Ample Parking: Offers convenient multi-point ingress and egress along with 123 dedicated parking spaces (ratio of $\approx 8.6$ per 1,000 SF), easily accommodating peak traffic hours for food, beverage, and retail services.
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Barrier-to-Entry Submarket: Limited immediately competing neighborhood retail inventory in the surrounding submarket supports continued occupancy stability, pricing power, and long-term residual land value.
Robust Infill Demographics & Built-In Economic Drivers
The center’s service-oriented tenant mix is perfectly matched to the surrounding demographic base and immediate daytime employee traffic generators:
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Desert Shores Master-Planned Community: Directly serves the prestigious 3,351-unit Desert Shores master-planned community along with numerous adjacent multifamily complexes.
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Medical & Employment Hub: Positioned near MountainView Hospital and its expansive medical office campus, generating a constant flow of healthcare workers, patients, and daytime visitors.
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Affluent Local Demographics: Within a 1-mile radius, the trade area features approximately 18,389 residents and 13,093 daytime employees, supported by an impressive average household income of $105,230.
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Community Anchor Drivers: Surrounding sports facilities, regional parks, and local schools ensure steady, daily repeat customer visits across all business hours.
Property Specifications Summary
| Property Parameter |
Specification Details |
| Property Address |
2400 North Buffalo Drive, Las Vegas, NV |
| Occupancy |
100% Leased |
| Lease Types |
Triple-Net (NNN) |
| Building Size (GLA) |
14,282 SF |
| Lot Size |
$\pm 2.04$ Acres |
| Number of Tenants |
6 Tenants |
| Anchor Tenant |
Sierra Gold ($\approx 50\%$ GLA, Leased through July 2031) |
| Parking Capacity |
123 Spaces |
| Traffic Count |
$\approx 40,000$ Vehicles Per Day (Combined VPD) |
| 1-Mile Avg Household Income |
$105,230 |
| 1-Mile Population / Employees |
18,389 Residents | 13,093 Employees |
Investment Thesis
2400 N Buffalo Drive represents a premier turn-key neighborhood retail asset. With an anchor leased through 2031, a history of zero tenant turnover under current ownership, an affluent customer base, and strong surrounding demand drivers, this property stands out as a highly secure, income-generating real estate investment in one of the nation's most dynamic growth markets.
Quick Glance
- Listing ID:
CL-Nevada-28227
- Status:
Active
- Year Build:
2005
- Building Size:
14,282 SqFt
- Lot Size:
2.04 Acr
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