2630 Windmill Pky - Freestanding FOR SALE


Henderson, NV 89074- Green Valley North
$2,343,000 USD
702-755-5486
2630 Windmill Pky, Henderson, NV for Sale
$2,343,000 USD
Freestanding - FOR SALE
1/5
null | 6.4% Cap Rate

2630 Windmill Pky
Henderson, NV 89074
Green Valley North


HIGHLIGHTS

  • Single Tenant NNN Lease: The Lease is set up as a NNN lease with 3% annual increases with the lease expiring in 2031
  • Committed Tenant: The property is occupied by Sunrise Mediterranean Market. They opened in 2021 and initially spent over $700,000 on their build out
  • Internet Resistant Tenant w/ Growing Sales: The sales for Sunrise Mediterranean Market have been growing by 25% annually.
  • Strong Demographics: 1 Mile Radius: 21,000 Residents/$117,000 Average HH Income
  • Newer Roof and Newer HVAC Units: The roof was replaced in 2020, and 7 HVAC units have been replaced since 2021
  • PLEASE DO NOT DISTURB TENANT

OVERVIEW

Adelphi Property Advisors presents 2630 W. Windmill Pkwy. (the ‘Property’), a 9,657 SF single tenant property leased to Sunrise Mediterranean Market. The Tenant moved into the Property in 2021 and spent over $700,000 renovating the building. They signed a 10 year lease, and continue to gain market share and grow their sales by double-digit annual returns. They offer groceries, fresh produce, and offer catering. They also have a full service meat department as well as a restaurant for either dining or take-out. They have strong reviews on Google as well as Yelp. A new roof was installed in 2020 and 7 HVAC units have been replaced since 2021, reducing the cost for near-term capital expenditures. The property is located in Henderson Nevada (Las Vegas MSA), in the highly desirable Green Valley submarket. Green Valley is a master-planned community known for its strong demographics. The 1 Mile Radius contains 21,000 residences with an average household income of $117,000. Sunrise Mediterranean Market is located near the intersection of Windmill Pkwy and Pecos Road, one of the major intersections in the area, and has 100% exposure on Windmill Pkwy. The Property is surrounded by national tenants including Vons, Sherwin Williams, Taco Bell, Little Caesar’s, Discount Tire, Burger King, etc.

FOR SALE DETAILS

PRICE

$2,343,000 USD

PRICE/SF

$243 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

CC, Henderson

APN/PARCEL ID

177-12-819-010

ASK ABOUT THIS PROPERTY

Jeff BergAdelphi Property AdvisorsMore Info
702-755-5486

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Jeff BergAdelphi Property AdvisorsMore Info
702-755-5486

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.