Invest in

Tropicana Centre

3035 – 3375 Tropicana Ave, Las Vegas, NV 89121

Tropicana Centre is anchored by a 133,768 square-foot Sam’s Club, a 120,363 square-foot Walmart, and a 40,020 SF Sprouts. Sam’s Club has been a tenant since 1991 and Walmart has also been a tenant since 1991.

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Tropicana Centre

3035 – 3375 Tropicana Ave
Las Vegas, NV 89121

13 - 14%

Targeted
Annual
Return

6 - 6.5%

Targeted
Annual Cash
Distribution

1.44x

Targeted
Equity
Multiple

All figures are projected annual returns

Highlights

Tropicana Centre has the unique feature of a triple redundancy of essential anchors: including a 133,768 square-foot Sam’s Club, a 120,363 square-foot Walmart and a 40,020 SF Sprouts. Sam’s Club has been a tenant since 1991, has lease term through March 2023, and maintains five renewal options that will allow them to remain at the site until 2048. Sam’s Club is currently in discussion to execute an extension option. Walmart has been a tenant since 1991, has lease term through December 2027, and maintains five renewal options that will allow them to remain at the site until 2052. Sam’s Club is owned and operated by Walmart Inc., and Walmart is the world’s largest company by revenue, as well as the largest United States grocery retailer. Sam’s Club operates over 600 locations in the United States, and Walmart operates over 10,500 stores worldwide. Walmart has a market cap of over $353 billion dollars, and we benefit from Walmart’s strong S&P credit rating of AA. Sprouts recently executed a 10-year extension through 2033 and plans to invest $1,000,000 dollars into upgrading this location.

$72.5M

Purchase Price

3 Year

Targeted Hold Period

13 - 14%

Targeted Annual Return

6 - 6.5%

Targeted Annual Cash Distribution

1.44x

Targeted Equity Multiple

The term “target” or “targeted” refers to a figure the Company aims or believes it can achieve. Actual results may vary.

Why We Invest

  • Anchored by Market-Dominant Grocer
    Anchored by a 133,768 SF Sam's Club & 120,363 SF Walmart
  • High-Quality National Tenants
    Tenants Include: Sprouts, Conns, Ross, Ace Hardware, Big 5 Sporting Goods, Dollar Tree, Rainbow, and McDonald’s
  • Strong Market Demographics
    Located 4 Miles East of the Las Vegas Strip
  • Value-Add Potential
    Lease-Up Vacant Space of 26,085 SF – Over $397,000 in Potential Rent Growth

Location

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Viewed by 10052 Investors

INVEST

min $50,000

Questions?

Tropicana Centre

3035 – 3375 Tropicana Ave
Las Vegas, NV 89121

13 - 14%

Targeted
Annual
Return

6 - 6.5%

Targeted
Annual Cash
Distribution

1.44x

Targeted
Equity
Multiple

The term “target” or “targeted” refers to a figure the Company aims or believes it can achieve. Actual results may vary.

Invest in

Tropicana Centre

3035 – 3375 Tropicana Ave
Las Vegas, NV 89121

“…In my experience in working with FNRP, I have seen a genuine desire to build trust and forge partnerships with all stakeholders through their transparency and integrity…”

Richard H.

Investor

Welcome Investors

Select the best option to get started.

Allocation Request Form

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Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
Reinvest in Opt Fund*
In order to easily reallocate distributions that you receive, we're providing our partners with the ability to reinvest their distributions from the FNRP Opportunity Fund right back into the FNRP Opportunity Fund! Simply check the box below to select this option or click here for more information.
This field is for validation purposes and should be left unchanged.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
Reinvest in Opt Fund
In order to easily reallocate distributions that you receive, we're providing our partners with the ability to reinvest their distributions from the FNRP Opportunity Fund right back into the FNRP Opportunity Fund! Simply check the box below to select this option or click here for more information.
This field is for validation purposes and should be left unchanged.

Invest in

Tropicana Centre

3035 – 3375 Tropicana Ave
Las Vegas, NV 89121

“…In my experience in working with FNRP, I have seen a genuine desire to build trust and forge partnerships with all stakeholders through their transparency and integrity…”

Richard H.

Investor

Welcome Investors

Select the best option to get started.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
This field is for validation purposes and should be left unchanged.

Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
This field is for validation purposes and should be left unchanged.
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