Henderson, NV - Horizon Pointe 4-Tenant Strip
$5,293,000
10520 S Eastern Ave, Henderson, NV 89052
5
Cap Rate
264,655
NOI
Details:
Description:
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple land and building ownership interest in a NNN leased four tenant retail building investment property located in Henderson, Nevada. The tenants Advanced Audiology, Insomnia Cookies, Jersey Mike’s, and Dave’s Hot Chicken have a weighted average term remaining of approximately 7 years. All tenants have additional options to extend, demonstrating their long term commitment to the site. The leases are structured as NNN with limited landlord responsibilities, making this an ideal low management investment opportunity for a passive investor.
The four tenant retail building is strategically located fronting S. Eastern Avenue, one of the area’s primary commuter and retail thoroughfares, averaging approximately 51,500 vehicles passing daily. The property is located near the signalized hard corner intersection of S. Eastern Avenue and W. Horizon Ridge Parkway, which together average over 78,400 vehicles per day. The property is part of Horizon Pointe, a retail center that sees approximately 1.8 million annual visitors and includes tenants such as Dollar Tree, CVS, Bank of America, Panda Express, Port of Subs, and others. Nearby shopping centers include Eastern Commons, an At Home and Trader Joe’s anchored center including other national/credit tenants such as First Watch, Jollibee, Crumbl, Starbucks, Applebee’s, and many others. The property is located within a primary retail corridor surrounded by additional national and credit tenants, including Lowe’s, Smith’s, McDonald’s, Chipotle, Dunkin’, and more. The property is in close proximity to Coronado High School with an enrollment of approximately 3,100 students and St. Rose Hospital, a 366-bed facility, both of which provide strong consumer bases from which the asset can draw. This represents a generational opportunity to acquire commercial real estate within the Las Vegas MSA. The immediate trade area is supported by a population of more than 325,000 residents and 93,700 employees with an affluent average household income of $142,796 within 1 mile.
Location
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