72 Horizon Ridge PkwyHenderson, NV 89012

Property Details for 72 Horizon Ridge Pkwy

Year built

2005

Construction

CONCRETE

Lot size

1.66 AC

Property size (Sq ft)

19,275 SF

Property type

Retail properties

Property subtype

Community centers

APN

179-19-401-008

APU

17919401008

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $7,591,914

  6.5%

  $7,007,920

  7%

  $6,507,355

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,731,601

  Geo Method

  $9,731,601

• Alternative Use

  Use

  Valuation

  Residential

  $5,911,444

  Hospitality

  $5,414,850

  Educational

  $4,505,092

  Medical

  $4,660,029

  Retail

  $7,007,920

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0131

Longitude

-114.993

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].