For Sale
$12,750,000

72 Horizon Ridge PkwyHenderson, NV 89012

Henderson, NV Shopping Center - $12.75M

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A, 38,373 square foot shopping center in Henderson, Nevada presents a compelling investment opportunity. Boasting a 100% occupancy rate across 19 tenants, the property features a diverse mix of businesses, including HotWorx Yoga and Teriyaki Madness, ensuring a stable and well-balanced income stream. Built in 2005, the two-building, single-story complex sits on a 3.55-acre lot with ample parking (3.9 spaces per 1,000 sq ft). The property benefits from a prominent location on Horizon Ridge Parkway, offering high visibility and accessibility due to its proximity to the I-515 freeway (daily traffic count exceeding 94,500 vehicles). The current Net Operating Income (NOI) is $783,669, with a projected NOI of $850,134, resulting in a current cap rate of 6.15% and a pro-forma cap rate of 6.67%. The asking price is $12,750,000, translating to $332.26 per square foot. The property is zoned CC and features a staggered lease structure with rent bumps, providing long-term growth potential. The current lease term has 3.3 years remaining. This stabilized investment, with minimal deferred maintenance, offers a secure and lucrative return. The property's location near affluent Henderson neighborhoods further enhances its appeal. This is a truly exceptional opportunity for investors seeking a high-performing, well-located retail asset.

Highlights

  • Excellent I-515 freeway access in affluent Henderson, NV.
  • Triple-Net (NNN) leased, fully occupied.
  • Well-maintained property with minimal deferred maintenance.

Property Details for 72 Horizon Ridge Pkwy

Property type
Lifestyle centers, Power centers
Square Feet
38,373 SF
Class
A
Year Built
2005
Buildings
2
Stories
1
Lot Size (sq. ft)
154,638 SF
Units
19

Location Insight

City
Henderson
County
Clark
State
Nevada
Latitude
36.0131154
Longitude
-114.9925655
72 Horizon Ridge Pkwy, Henderson, Nevada

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72 Horizon Ridge Pkwy
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