10420 S Decatur Blvd, Las Vegas, NV 89141 (2024)

Colliers is pleased to exclusively offer for sale a stabilized multi-tenant retail building located within Cactus Marketplace, a ±33,700 SF neighborhood retail center servicing the highly affluent Southern Highlands and Mountain’s Edge master planned communities. Delivered at 100% occupancy, this ±9,870 SF property is NNN leased to Miss Phoebe's Eatery, Welch Dentistry, Cutting Edge Barber Shop, Scaled Fitness, Share Tea, and Gotta Dance.

The asset is well positioned within the high growth southwest trade area of Las Vegas, Nevada, just north of the signalized intersection of S. Decatur Blvd. and W. Cactus Ave. with traffic counts in excess of ±44,900 VPD. Cactus Marketplace benefits from its proximity to both the I-15 Freeway (±124,000 VPD) and CC 215 Beltway (±201,000 VPD) and is in proximity to major future developments including a future Station Casino’s hotel/resort/casino development (±126 AC) and a future HCA Hospital (±57 AC) at Cactus Ave. and Las Vegas Blvd. The center is occupied by a mix of national, regional, and local tenants including Dairy Queen, Papa Johns, Don Tortaco, State Farm, and Hound House.

The site is surrounded by residential growth, with several new housing communities planned or under construction. Adjacent to the site, is a new multifamily development that is set to deliver ±322 units in 2025.The property resides in an affluent trade area consisting of ±277,434 residents with an average annual household income of ±$117,113 within a 5-mile radius. The property is located adjacent to the Southern Highlands master planned community (±13,000 homes on ±2,299 AC) and is just east of Mountain’s Edge (±12,000 homes on ±3,500 AC) and Rhodes Ranch (±1,200 homes).

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