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10/27/25
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A private investor purchased KAKTUSlife Retail, a 21k sf, upscale, unanchored retail strip center in Las Vegas, for $5.5 mil ($262/sf). The property is located at 10620-10680 Dean Martin Dr in the burgeoning Southwest submarket of the Las Vegas Valley, just south of West Cactus Ave, adjacent to Interstate 15.
Retail consists of four buildings with a diverse tenant mix including service retail, daily needs, health and wellness and medical tenancy. The property, which was 89% occupied at the time of sale, sits on a 2.37-acre parcel, offering a triple-net (NNN) lease structure with minimal landlord responsibilities.
The property benefits from proximity to major thoroughfares and a robust consumer base, with more than 123,600 people and average household incomes exceeding $118,900 within a three-mile radius. The property is located near key attractions such as the South Point Hotel Casino and The M Resort and Spa, enhancing its appeal to both tenants and consumers.
Cushman & Wakefield’s Marlene Fujita Winkel and Emily Brun represented the seller, Cactus Villas LLC, in the transaction. The property was acquired by MTP INV LLC.
"The quick close of this transaction, just 40 days from agreement to closing, underscores the strong demand for well-located retail assets in the Las Vegas market," said Fujita Winkel. "KAKTUSlife's strategic location adjacent to the Southern Highlands master-planned community and its diverse tenant mix make it a compelling investment opportunity."
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