Las Vegas, NV - Green Valley Grocery (Durango and Pebble)

Description:

• The tenant recently signed a brand new 20-Year lease, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation

• The tenant is strategically located off S. Durango Drive, a major thoroughfare averaging 55,000 vehicles passing by daily
• National credit/tenants in the area include Walmart Supercenter, Walgreens, Auto Zone, Ross, Planet Fitness and many more
• The subject property is across from Sunset Cliffs Apartments (384 units) and is located nearby many residential homes that are within walking distance
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover retail exposure for Green Valley Grocery

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Listing ID: a288X000003lyvEQAQ