250 240 & 150 Hwy Pahrump, NV 89048
Thriving retail center, high NOI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- $9,567,500 asking price for a 37,850 square foot shopping center.
- 90% occupancy with a $694,044 Net Operating Income (NOI).
- 7.6% Year 2 cash-on-cash return with 50% leverage and a 15.91% levered IRR over 5 years.
- Strong historical occupancy; anchor spaces fully occupied since 2004, with 43% of original tenants remaining.
- 39% of tenants are restaurants, located in a prime Pahrump retail location near Home Depot, Albertsons, CVS, and Walmart.
Property Details for 250 240 & 150 Hwy
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 37,850 SF
- Year Built/Renovated
- 1998/2004
- Lot Size (sq. ft)
- 131,551 SF
Location Insight
- City
- Pahrump
- County
- Nye
- State
- Nevada
- Latitude
- 36.2165044
- Longitude
- -115.9936132
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - Thriving retail center, high NOI.
- Where is the lifestyle center located?
- The property is located at 250 240 & 150 Hwy Pahrump, NV.
- What is the asking price?
- The asking price for this property is $9,567,500.
- What are key features of this property?
- This property features: $9,567,500 asking price for a 37,850 square foot shopping center.; 90% occupancy with a $694,044 Net Operating Income (NOI).; 7.6% Year 2 cash-on-cash return with 50% leverage and a 15.91% levered IRR over 5 years.
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