Desert Oaks Plaza Retail Pad + Kiosk

Highlights:

• Stabilized Two-Tenant Building with Vacant Kiosk Pad Opportunity
• Benefits from Ease of Management
• Attractive 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 offering also includes a kiosk pad fronting Craig Road that is ideally suited for a drive-up or convenience-based retailer, presenting investors with future upside.

The asset is well positioned within the dense and rapidly expanding Craig Road Corridor in North Las Vegas, Nevada, trade area 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. A major mixed-use residential and retail redevelopment, Hylo Park, is currently under construction 2-miles south of the property and is expected to bring 925 jobs and will include a 150-room hotel, 665 housing units and a 100K SF Vegas Golden Knights youth and recreational hockey facility.

The asset services a dense and underserved trade area with ±453,091 residents with an average household income of $99,607 within a 5-mile radius. Nearby daytime population exceeds ±369,276 and includes foot traffic from Nellis Air Force Base (±12,000 military/civilian personnel) and Cannery Hotel & Casino (±201 rooms).

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