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:

• 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.

• 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.

• 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.

• 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:

• Heavy Daily Traffic: Subject site benefits from exposure to approximately 40,000 combined vehicles per day (VPD) across key surrounding thoroughfares.

• 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.

• 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:

• Desert Shores Master-Planned Community: Directly serves the prestigious 3,351-unit Desert Shores master-planned community along with numerous adjacent multifamily complexes.

• Medical & Employment Hub: Positioned near MountainView Hospital and its expansive medical office campus, generating a constant flow of healthcare workers, patients, and daytime visitors.

• 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.

• Community Anchor Drivers: Surrounding sports facilities, regional parks, and local schools ensure steady, daily repeat customer visits across all business hours.

Property Specifications Summary

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.