• PECOS LEGACY CENTER - 2556 Wigwam Parkway, Henderson, NV 89074

This property isn't on the market right now.

Property Details

STRONG ANCHOR TENANTS
• Anchored by 24 Hour Fitness and CVS(NAP), providing significant traffic and excellent retail synergy to shop tenants.
• 24 Hour Fitness which has been operating at Pecos Legacy Center since 1998 recently extended their lease through Oct. 31, 2023, showing their commitment and success at this location. They occupy over 55% of the GLA and represent over 45% of the rental income at the property.


 EXCELLENT LOCATION WITH STRONG DEMOGRAPHICS
• Located a half mile north of the I-215 Freeway, along Pecos Road, one of Green Valley’s largest north/south thoroughfares.
• Over 126,560 households within a 5-mile radius with an average household income of $88,942 in a 1-mile radius.
• Strong traffic counts in excess of 23,900 cars per day at the intersection.


 VALUE-ADD OPPORTUNITY
• The offering provides an investor upside through the lease up of vacancies, and the renewal of current under-market tenants.


 DESIREABLE IN-PLACE DEBT FINANCING
• In-place CMBS Debt financing with a below market fixed rate of 4.4725% until 2026, offering a Year 1 Cash on Cash return of 9.54%

Strong Anchor Tenants
Excellent Location with Strong Demographics
Value-Add Opportunity

  • Property Type
    Retail, Office
  • Submarket
  • Year Built
    1994
  • Total Acres
    1.74
  • Number of Floors
    1
  • Property ID
    1334717

Landlord's Leasing Representatives

  • Scot Marker
    Colliers | Las Vegas
     
  • Patrick Barnes
    Colliers | Los Angeles - Downtown
     
  • Christopher Maling
    Colliers | Los Angeles - Downtown
     
  • David Maling
    Colliers | Los Angeles - Downtown