Shops to Sprouts Farmers Market at Centennial Village
Shops at Centennial Village
6424 Losee Road, North Las Vegas, NV
HIGHLIGHTS
Property Details
Offering Price:
Cap Rate:
Gross Leasable Area:
Weighted Average Lease Term:
Lot Size:
Year Built:
$6,275,000
5.6%
14,022 Sq Ft
6.5 Years
1.14 Acres
2008
Offers the stability and management ease of a net-leased offering with the diversification of a multi-tenant investment offering.
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Under-Construction Sprouts Anchored Center
Excellent traffic drivers exist at this multi-faceted retail center, including an under-construction Sprouts Farmers Market, one of the top performing EOS Fitness Centers in Nevada, CVS Pharmacy and multiple others.
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Explosive 30% Increase in Residential Growth
Thousands of residential homes recently built within the surrounding radius and more under construction. A 30% increase in the three-mile radius since 2010.
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Close Proximity to New Station Casinos Land Purchase
Just south of recently purchased land for Station Casinos' future development.
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Long-Term NNN Leases, Long Operating History
Three well-performing tenants have operated successfully prior to the recent boost in population and each has recently renewed their leases or otherwise have leases expiring no sooner than 2028.
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Retail/Medical Tenant Mix Provides Extra Stability
Resistant to recessionary and inflationary pressures, each of the tenants is naturally resilient to difficult market downturns.
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Annual Rent Increases - Strong Inflationary Hedge
Two of the three tenants have scheduled three-percent (3%) annual rent increases.
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Maximum Visibility at Entrance to Retail Center
Roughly 230 feet of direct frontage along East Centennial Parkway with prominent monument signage and multiple points of ingress/egress.
