Desert Oaks Plaza Outparcel

Highlights:

• Stabilized Multi-Tenant Retail Building with Drive-Through
• Benefits from Ease of Management
• Rare Restricted Use Entitlement
• Located within Desert Oaks Plaza – a Prime Neighborhood Retail Center
• Combined Traffic Counts in Excess of ±76,850 VPD
• Over 250 feet of frontage on W. Craig Rd

Description:

Colliers is pleased to exclusively offer for sale a two-tenant retail pad with drive-thru located within Desert Oaks Plaza, a ±53,324 SF neighborhood retail center located in North Las Vegas, NV. This freestanding retail pad is 100% leased to RISE Dispensary (OTCQX: GTBIF | CSE: GTII) and RejuveN8 Wellness Chiropractic Center.
The asset is well positioned within the dense and rapidly expanding Craig Road Corridor in North Las Vegas, Nevada, with over 250 feet of frontage along W. Craig Rd. (±44,500 VPD) just east of N Decatur Blvd. (±25,600 VPD). The asset benefits from nearby co-tenancy including national retailers such as Walmart, Home Depot, Smith’s, ALDI, Chick-fil-A, Starbucks, and more. Hylo Park, a large scale mixed-use redevelopment, is currently under construction 2-miles south of the property and is expected to bring over 925 permanent jobs and will include a 150-room hotel, 665 housing units and a 100K SF Vegas Golden Knights youth and recreational hockey facility.

Desert Oaks Plaza services a dense and underserved trade consisting of ±424,412 residents with an average household income of $99,607 within a 5-mile radius and benefits from proximity to Nellis Air Force Base (±12,000 military/ civilian personnel) and the Cannery Hotel & Casino (±800 employees) with a nearby daytime population exceeding ±369,276 residents.

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