Henderson, NV - Red Dragon & Subway

Description:

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant, freestanding, 24-hour, 100% occupied retail investment property located in Henderson, Nevada (Las Vegas MSA). The property totals 6,100 square feet and is divided into 2 suites with
Red Dragon occupying 4,800 square feet and Subway utilizing the remaining 1,300 square feet. The offering consists of a diverse, ecommerce resistant tenant lineup creating a stabilized, income stream for a new investor. Both tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor in an income tax free state. The Red Dragon operates under the Dotty’s brand, one of Nevada’s most successful gaming and tavern companies currently operating 190+ locations. Red Dragon is the Dotty’s brands Asian concept.

The asset is located near the signalized, hard corner intersection of State Highway 582 and South Magic Way which supports over 26,000 vehicles per day. The site also benefits from nearby on/off ramp access to Interstate 11 (104,000 VPD), making this an ideal, centralized location with easy commutes. Located within a dense retail corridor, the subject property is within close proximity to multiple national/credit tenants including Target, Lowes, Albertsons, Big Lots, Ross, Smiths, Marshalls, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. Moreover, the site is ideally located less than 2-miles north of Nevada State College (3,534 students), providing a direct consumer base from which to draw. The 5-mile subject trade area is supported by more than 101,000 residents and 18,000 daytime employees. Residents within a 1-mile radius boast and affluent average household income of more than $105,000.