125 Corporate Park DrHenderson, NV 89074

For Sale
$3,700,000

High-yield Nevada industrial distribution center

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A, 12,320-square-foot distribution center in Henderson, Nevada presents a compelling investment opportunity. Located at 125 Corporate Park Dr, 89074, this single-story building, constructed in 2004, sits on a 0.82-acre lot and boasts a 22-foot ceiling height. Currently 100% occupied by a single tenant under a NNN lease with a corporate guarantee, the lease commenced March 1, 2019, and has a remaining term of nine years, renewing annually through March 1, 2034. The property features two loading docks with two dock-high doors, providing efficient logistics. With an asking price of $3,700,000, the property offers a current cap rate of 4.71% and a pro-forma cap rate of 5.34%, reflecting a strong NOI of $174,270 and a pro-forma NOI of $197,412. The annual rent bumps ensure consistent income growth. The property is zoned I-G and includes ample parking (1.64 spaces per 1,000 square feet). This fully leased investment property offers a secure and profitable return with significant upside potential. The land value is $301 per square foot. The property's strong tenant history and favorable lease terms make it an attractive addition to any investment portfolio.

Highlights

  • Class A, 12,320-square-foot distribution center in Henderson, NV.
  • Single-story building on a 0.82-acre lot, built in 2004, with 22-foot ceilings.
  • 100% occupied by a single tenant under a NNN lease with corporate guarantee, expiring March 1, 2034 (9-year term with annual renewals).
  • Two loading docks, two dock-high doors, and ample parking (1.64 spaces/1,000 sq ft).
  • Asking price: $3,700,000; current cap rate: 4.71%; pro-forma cap rate: 5.34%; NOI: $174,270 (current); $197,412 (pro-forma).
  • I-G zoning; land value: $301/sq ft.

Property Details for 125 Corporate Park Dr

Property type
Other industrial properties, Distribution properties
Square Feet
12,320 SF
Class
A
Year Built
2004
Buildings
1
Stories
1
Lot Size (sq. ft)
35,719 SF

Location Insight

City
Henderson
County
Clark
State
Nevada
Latitude
36.037495327597
Longitude
-115.03425430074
125 Corporate Park Dr, Henderson, Nevada

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125 Corporate Park Dr
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