21,900 SF at Tropicana Centre — Lease in Las Vegas, NV

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Las Vegas, NV 89121
  • Size: 21,900 SF

Description

Property is being offered for lease or sale. See Sale listing for more info. Great opportunity to lease or purchase a 21,900 SF junior anchor space next door to Sprouts Farmers Market on the busy corner of Tropicana Ave. & Pecos Rd. The property benefits from its location within the larger Tropicana Centre, a ± 586,000 SF Walmart and Sam’s Club anchored power center. The subject property is not subject any surrounding exclusives or restrictions, allowing for complete flexibility in its future use. The property is surrounded by numerous national retailers including Ross, Dollar Tree, ACE Hardware, WSS Shoes, Rainbow, dd’s Discount, MattressFIRM and more. Notable restaurants in the immediate area include McDonalds, KFC, Burger King, WingStop, Subway and Domino’s.

Market Context

This retail in Las Vegas, NV is listed for lease across 21,900 SF. It has been on the market for 53 days. Compare it against other retail listings for lease in Las Vegas, NV — view the full market.

As of Q1 2026, the Las Vegas retail market showed average asking rents near $32.55/SF/yr, rents up 5.8% year over year, and cap rates around 6.5%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Las Vegas?
About 6.5% as of Q1 2026, per multiple brokerage reports.

Estimated Market Rate

$2.60/SF/mo – $3.52/SF/mo

Mid: $3.06/SF/mo

Estimated total for 21,900 SF: $67,014 per month

Rate-first confidence-weighted blend with cost-of-business adjustment.

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