Cactus Shops - Retail A

Highlights:

• Stabilized retail center with long term leases
• New construction in high growth trade area
• Strategically located on W. Cactus Rd. and Rainbow Blvd. carrying ±36,800 VPD
• Surrounded by ±12,000 residences within the Mountain’s Edge master planned community
• Located west of the I-15 Freeway (±126,000 VPD)

Description:

Colliers is pleased to exclusively offer for sale a new construction multi-tenant retail building located in Las Vegas, NV. This stabilized property consists of ±8,299 SF and is NNN leased to an internet-resistant mix of grocery, barbershop, personal training, and dental tenants.

The asset is well positioned within the high growth Southwest trade area of Las Vegas, Nevada, at the signalized intersection of W. Cactus Ave. and S. Rainbow Blvd., with traffic counts in excess of ±36,800 VPD. Cactus Shops benefits from its proximity to both the I-15 Freeway (±126,000 VPD) and CC 215 Beltway (±201,000 VPD) and is in proximity to major planned developments including a future Station Casino’s hotel/resort/casino (±126 AC) and a future HCA Hospital (±57 AC) at Cactus Ave. and Las Vegas Blvd.

The asset services a dense and mature trade area consisting of ±248,355 residents with an average annual household income of $121,063 within a 5-mile radius. The property is located within the Mountain’s Edge master planned community (±12,000 homes on ±3,500 AC) and is surrounded by affluent residential neighborhoods, including Southern Highlands.

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