Retail For Sale in 89141
3 results
Address
Asking Price
Cactus Marketplace
10410 S Decatur Blvd
Enterprise, Las Vegas, NV
Lot Size:3.65Acres
97% Leased Shopping Center:
- Brand new buyer benefits from the trophy location of the subject property, which represents one of only two major shopping destinations to serve the exclusive Southern Highlands master planned community.
- Given the master planned nature of the Southern Highlands Community, there will always be limited amount of retail/commercial
inventory, which would explain the high occupancy levels in the immediate trade area.
- Tenants reimburse for 3rd-Party Management, which reinforces the asset quality of the subject property.
Dense, In-Fill and Upper-Middle Class Trade Area Demographics:
- With an average household income of $107,096 within a one-mile radius of the subject property (2015), the subject property benefits from an upper-middle class demographic base to support a variety of potential uses.
High Demand/Low Supply of Available Retail Inventory in Master Planned Trade Area:
- Given the limits on commercial retail development in the Southern Highlands master planned community, the subject property will benefit from a favorable supply/demand relationship for many years to come.
New, Pride of Ownership Construction:
- The subject property was completed in 2015, which provides a new owner with assurances of limited if any deferred maintenance in the
short and medium term.
- The subject property boasts two multi-tenant drive-thru pads, which will attract a wide array of food and daily needs tenant uses.
- The subject property buildings are on separate parcels, providing a new owner with the flexibility to sell portions of the center individually.
Excellent Ingress/Egress:
- With multiple points of ingress/egress, the subject property provides its tenants and customers with a convenient shopping alternative in the
trade area.
- With access from both Cactus Avenue and Decatur Boulevard, the subject property provides highly functional circulation to serve the existing or any future uses - including left-in/left-out access from West Rush Avenue on the northern boundary of the property.
Low Tenant Rollover in Short Term:
- Only 10.58% of the total square footage of the property has lease rollover prior to 2020, and there is no rollover prior to 2018, providing a new owner with the assurances of less management and less cost in the short run.
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4760 West Cactus Avenue
4760 W Cactus Ave
Enterprise, Las Vegas, NV
$4,358,000
Southern Highlands Preparatory School
11500 Southern Highlands Pkwy
Enterprise, Las Vegas, NV
Lot Size:4.37Acres
BRE is pleased to present an exceptional opportunity for an investor to acquire Southern Highland Preparatory School, a single-story ±34,492 square foot building located within the Southwest submarket of Las Vegas. The Southern Highlands Preparatory Academy provides private education for children preschool through eighth grade. The property is situated in the beautiful Southern Highlands community along Southern Highlands Parkway, just west of Interstate 15 and the first master planned community that can be accessed as travelers from California enter the county.
The property consists of a single-tenant, Southern Highlands Preparatory Academy, with a long-term lease in place of 9 years remaining. The lease is signed Nobel Learning Communities, Inc., a formerly publicly traded company on the NASDAQ with a ticker symbol of NLCI that recently sold to Leeds Equity Partners, the largest private equity firm in the knowledge sector, a $3.5 trillion dollar industry. The property was constructed in 2004, is in excellent condition and provides for private learning to the high-end demographics surrounding the school. The property features a baseball field, a headmaster’s quarters of approximately 2,280sf and ample parking for parents and visitors.
The property is located on the main north/south artery servicing the Southern Highland community with an estimated 17,000 cars passing daily. Access to the property is provided via three (3) curb cuts on Southern Highlands Parkway. There are 125 parking stalls contained within the property’s parcel, eight (8) of which are designated handicap stalls proving a parking ratio of 3.62/1,000 square feet.
The property is located one (1) mile west of I-15. The property is supported by newer, higher-end residences with more than 20 communities spread out over 2,750 acres. Surrounding the property are many jogging/biking trails, Southern Highlands Golf Course and additional developable land for up to 25,000 residents. A three-mile ring yields a population of more than 60,000 and average household income of $80,085, second to the household income of Summerlin which features a population of 138,000 and average household income of $79,601.
$9,037,000
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Market Stats
89141 has 8 commercial real estate spaces for lease, representing 61,378 sqft space. 16 buildings are available for sale.
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