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For Sale
101 E Lake Mead Pkwy - Henderson, NV 89015
Property Highlights
- Walgreens Pharmacy (NASDAQ: WBA) | Absolute Net Lease with ±6.5 years remaining
- Excellent Visibility & Exposure | Hard corner at a signalized intersection which sees over 63,700 VPD (2021)
- Strategic Retail Location | Shadow anchored by Walmart, Albertsons and St. Rose Hospital
- No Options to Extend Remaining | Strong market conditions in Henderson | Rent growth is 9.9% YoY
- Located within close proximity to the new Cadence Master Planned Community (11,000 households) | Subject property is strategically located on the travel path of Cadence residents driving home from work.
- The City of Henderson is re-developing the former Fiesta Casino into a Community Sports Facility (35 AC). | Subject property is a 6-minute drive away from the new project.
- The City of Henderson is investing $135 million to improve and upgrade Henderson’s portion of Boulder highway.
- Growth and Development in Henderson’s Historic Water Street District | Silver Knights (NHL’s Golden Knights affiliate) new Lifeguard Arena (.7 miles away) | The Watermark (Strada Development Group) is a 135 unit mixed-use project (.7 miles away) | The Waterfalls (Strada Development Group) is a 22 story project with 110 hotel rooms and 250 apartments (.4 miles away on Lake Mead Pkwy)
- Excellent Demographics | Population growth over the next 5-years is projected at 14.08% | Households: 32,395 (3-miles) | Average Household Income: $87,633 (3-miles)
- Located in the highly desirable Henderson submarket | Continued migration of high quality companies and residents to the Las Vegas metropolitan area (populace is forecast to increase by nearly 6% over the next 5 years.)
- Nearby National Tenants | Albertsons grocer, Circle K, Walmart Supercenter, Planet Fitness, Little Caesars, McDonald’s, Chipotle, and Chase bank
- Nevada is 1 of 8 states with no personal income tax.
Details
- Price: $12,250,000
- Year Built: 2004
- Property Type: Single Tenant
- Property Status: For Sale
Additional Details
- Price/SF: $845.41
- Cap Rate: 5.65%
- Rentable Area: 14,490 SF
- Lot Size: 1.54 AC
- Parking Ratio: 6.21/1,000 SF
- Zoning: DX (Downtown Mixed-Use)
- Cross Streets: E Lake Mead Pkwy & Boulder Hwy
Address
Open on Google Maps- Address 101 E Lake Mead Pkwy
- City Henderson
- State/county Nevada
- Zip/Postal Code 89015
