1445 Sunset RdHenderson, NV 89014

For Sale
$15,650,000

Henderson, NV Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 39,586 square foot shopping center in Henderson, Nevada, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong NOI of $1,068,072, this stabilized property offers a 6.82% cap rate at an asking price of $15,650,000. The center features a desirable mix of national and regional tenants, including Golden Corral and Barbeques Galore, complemented by a shadow anchor of high-performing businesses such as Starbucks, Wells Fargo, and Mariana's Supermarket. Built in 1996 and renovated in 2022, the property sits on a 92,261 square foot lot (APN 178-04-716-013) and is zoned CC. The triple-net (NNN) lease structure minimizes landlord expenses, while a weighted-average lease term of over seven years provides long-term stability and predictable income. Scheduled rent increases further enhance the investment's potential for improving returns. This fee-simple ownership opportunity is ideal for a 1031 exchange. The property's prime location at the intersection of Sunset Road and Stephanie Street benefits from high daily vehicle traffic exceeding 67,000. This synergistic tenant mix, including grocery, fitness, food services, and daily necessities, creates a vibrant and essential shopping destination. The property's strong tenant profile and minimal landlord responsibilities make it an attractive and secure investment.

Highlights

  • 39,586 SF shopping center in Henderson, NV, with a strong tenant mix including Golden Corral and Barbeques Galore, shadow anchored by Starbucks, Wells Fargo, and Mariana's Supermarket.
  • Approximately 80% of the GLA is leased to national and regional tenants, creating a robust tenant profile.
  • Triple-net (NNN) lease structure minimizes landlord expenses.
  • 100% occupancy rate ensures a stable investment.
  • Weighted-average lease term (WALT) exceeds seven years, minimizing lease-up risk.
  • Most leases include scheduled rent increases, enhancing future returns.

Property Details for 1445 Sunset Rd

Property type
Lifestyle centers, Power centers
Square Feet
39,586 SF
Year Built/Renovated
1996/2022

Location Insight

City
Henderson
County
Clark
State
Nevada
Latitude
36.0618058
Longitude
-115.0471552
1445 Sunset Rd, Henderson, Nevada

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1445 Sunset Rd
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