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.