Shopping and Dining Retail
10 Costa Di Lago Henderson, NV 89011
10 Costa Di Lago, Henderson, NV, 89011
Contact for pricing
For Sale
Contact for pricing
Pending
NNN retail center with existing vacancy available for lease and tenants featuring rental escalations.
Days on Market103
Property Features for 10 Costa Di Lago
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
New Market Commercial Real Estate Advisors
(702) 323-7315
Listed by
Christina Strickland · License #NV 60664
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 9:37PM Checked: Jul 21 at 9:37PM
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Investment Insights
Based on property information with market context.
This NNN shopping and dining retail center offers an opportunity to acquire a grocery of tenancy within a master-planned community. The property has approximately 4,725 square feet available for lease, and the existing tenant base includes rental escalations throughout base terms and through option periods.
Recent NNN leasing activity since 2024 includes six completed leases ranging from $2.25 to $2.50 per square foot per month, with an average in-place NNN rent of $1.77 per square foot. The current in-place rent is described as $0.48 to $0.73 per square foot below current market rent.
The remarks project potential additional annual income of roughly $300,000 to $450,000 from rent alone, plus $125,000 to $140,000 annually from leasing up the remaining vacancy, excluding NNN recoveries associated with the leases. The offering also cites an indicated internal rate of return of 15.89% to 19.49%, assuming exit cap rates of 7.25% to 8.00%.
Recent NNN leasing activity since 2024 includes six completed leases ranging from $2.25 to $2.50 per square foot per month, with an average in-place NNN rent of $1.77 per square foot. The current in-place rent is described as $0.48 to $0.73 per square foot below current market rent.
The remarks project potential additional annual income of roughly $300,000 to $450,000 from rent alone, plus $125,000 to $140,000 annually from leasing up the remaining vacancy, excluding NNN recoveries associated with the leases. The offering also cites an indicated internal rate of return of 15.89% to 19.49%, assuming exit cap rates of 7.25% to 8.00%.
Key Highlights
- NNN retail shopping and dining center with $2.25 and $2.50/SF per month NNN leases completed since 2024
- In‑place average NNN rent is $1.77/SF, reportedly $0.48 to $0.73/SF below current market rent
- 6 leases completed since 2024, with rents ranging from $2.25 to $2.50/SF per month
Property Analytics
Location Intelligence
Current Use by Public Records
Dragonboat Racing Association ...
Association / Organization
Lake Las Vegas ...
Marina
Nevada Dragon Boat ...
Charitable Organization
Store
Grocery & Convenience Store
Junk Removal Service ...
Waste Management Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - NNN retail center with existing vacancy available for lease and tenants featuring rental escalations.
Where is this shopping center located?
The property is located at 10 Costa Di Lago Henderson, NV.
What are key features of this property?
This property features: NNN retail shopping and dining center with $2.25 and $2.50/SF per month NNN leases completed since 2024; In‑place average NNN rent is $1.77/SF, reportedly $0.48 to $0.73/SF below current market rent; 6 leases completed since 2024, with rents ranging from $2.25 to $2.50/SF per month
