6250 Mountain Vista St - Storefront FOR SALE


Henderson, NV 89014
$3,500,000 USD
702-340-4251
6250 Mountain Vista St, Henderson, NV for Sale
$3,500,000 USD
Storefront - FOR SALE
1/6
null | 7.61% Cap Rate

6250 Mountain Vista St
Henderson, NV 89014


HIGHLIGHTS

  • Across the street is the expansive Henderson Town Center, a ± 250,000 SF shopping center anchored by Smith’s, AMC Theaters, and Barley’s Casino.
  • Pushing MTM leases to market could increase cap rate from 7.6% year 1 to 13.1% in year 2
  • The property benefits from a strong ± 28,000 car per day traffic count on Mountain Vista and is surrounded by 1,762 multifamily units within a one-mil

OVERVIEW

Peppertree Ridge is a ± 31,307 RSF mixed-use development located at the signalized intersection of Mountain Vista Rd. and Ramrod Ave., just north of Sunset Rd. in Green Valley. The property offers excellent access to the US-95 freeway via Russell Rd. and is surrounded by a variety of services, including dense multifamily housing, restaurants, industrial developments, and shopping centers. The property presents a significant value-add opportunity, as only two tenants are currently paying triple-net leases, and most tenants are on short-term leases paying below-market rents. With this investment, you could potentially renew leases at increased rates, shift Gross Leases to Triple Net Leases, and swap out under performing tenants, which may enhance the property’s income and overall value.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$112 USD /SF

CAP RATE

7.61%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

122

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

CC

APN/PARCEL ID

161-32-701-009

ASK ABOUT THIS PROPERTY

Sean MargulisLogic Commercial Real EstateMore Info
702-340-4251

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Sean MargulisLogic Commercial Real EstateMore Info
702-340-4251

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