ROQ

Current Asset

ROQ is an infill 3.85-acre development project acquired by VAC using internal capital in July of 2022. Before the acquisition, VAC secured leases with Conoco Phillips for a gas station and c-store concept for 20 years, a Starbucks, 15-year lease, to prove up the site’s location. VAC closed on the construction loan for the development in February 2024 and construction has been completed. Since closing VAC has secured 100% occupancy on the inline retail dedicated to restaurants and service tenants, as well as USA Auto for a 10-year lease for an auto repair shop in the back for the 4th and final pad.

With full occupancy achieved, VAC has moved onto the disposition process. All four of the pads have been sold off to individual buyers at our above our underwriting assumptions. The inline parcel is the last parcel to be sold, and is currently on the market. Once sold, VAC anticipates paying out their investors near the end of Q1 2026.

The project is located off the Northeast Corner of Rainbow and Oquendo in the Southwest Submarket of Las Vegas. We have strong promise for this site. For investment, development and leasing inquiries please contact us or click on the link below in one of the photos.;;