Towne Center at Trop & Jones — Lease in Las Vegas, NV

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Las Vegas, NV 89103

Description

Towne Center at Trop & Jones is an established, anchored retail center on the busy corner of W. Tropicana Ave. and Jones Blvd. Located on a double section-line intersection, the property has exposure to ± 76,500 vehicles passing by daily. Traffic generators within the center include O'Reilly Auto Parts, Grifols Plasma, CareNow Urgent Care, Great Clips, and more. Surrounding notable retailers at the intersection include Smith's Food & Drug, Albertsons, Family Dollar, CVS, Chase, AutoZone, Black Bear Diner, 7-11, Discount Tire, and McDonald's. Amazing opportunity to occupy a street-front corner endcap suite with visibility from both Jones and Tropicana.

Market Context

This retail in Las Vegas, NV is listed for lease. 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.

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