LAS VEGAS, NV – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the listing of 99¢ Only Stores Shopping Center, a 65,979-square foot retail property located in Las Vegas, NV, according to Richard A. Bird, regional manager of the firm’s Las Vegas office. The asset is listed for $3,900,000.
Ray Germain, Senior Associate, and Candace Carrell, an investment specialist in Marcus & Millichap’s Las Vegas office, have the exclusive listing to market the property on behalf of the seller, a limited liability company.
99¢ Only Stores Shopping Center is located at 1325 East Flamingo Road in Las Vegas, NV. According to Germain and Carrell, “This is an excellent opportunity to acquire a unique value-add 65,979-square foot building situated upon 4.19 acres of land in a densely populated, peak trade area of Las Vegas and a stone’s throw away from one of the highest trafficked intersections in the state with nearly 100,000 vehicles per day. The mixed use (retail and industrial) building is anchored by the national institutional retail chain, 99¢ Only Stores. This center is a uniquely designed mixed-use property. With a thriving anchor tenant occupying only 33 percent of the building, there is a great deal amount of upside that could be realized in the near future by a savvy investor.”
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With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 6,149 transactions in 2012, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.
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