Kohl's Absolute NNN Retail
For Sale
Contact for pricing
Pending
1316 W Sunset Road, Henderson, NV 89014
Absolute NNN leased Kohl’s property with corporate guarantee and remaining initial term plus multiple extension options.
Days on Market111
Property Features for 1316 W Sunset Road
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
114,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Patrick R. Luther, CCIM · License #CA License No. 01912215
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 30 at 9:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
SRS National Net Lease Group offers the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN leased, corporate guaranteed Kohl’s investment property. Kohl’s Department Stores, Inc. is the tenant, with 8 years remaining in the initial lease term and 6 (5-year) options to extend. The lease includes 10% rental increases every 5 years throughout the initial term and at the beginning of each option period.
The asset is positioned as an anchor to Galleria at Sunset Mall in Henderson, Nevada. The property is along Interstate 515, which is described as a major commuter thoroughfare averaging 114,000 vehicles passing daily, with nearby direct on/off ramp access. The site is also directly across from Sunset Station Hotel & Casino, a 21-story hotel tower with 448 rooms.
This is described as an extremely dense retail corridor with nearby national/credit tenants including Walmart Supercenter, Costco, The Home Depot, Target, Dick’s Sporting Goods, Burlington, Hobby Lobby, and Sprouts Farmers Market. The Las Vegas MSA is supported by tourism and consumer visitation, with the report citing 42.5M visitors in 2019, and McCarran International Airport described as 5 miles away with 51.5M passengers in 2019.
The asset is positioned as an anchor to Galleria at Sunset Mall in Henderson, Nevada. The property is along Interstate 515, which is described as a major commuter thoroughfare averaging 114,000 vehicles passing daily, with nearby direct on/off ramp access. The site is also directly across from Sunset Station Hotel & Casino, a 21-story hotel tower with 448 rooms.
This is described as an extremely dense retail corridor with nearby national/credit tenants including Walmart Supercenter, Costco, The Home Depot, Target, Dick’s Sporting Goods, Burlington, Hobby Lobby, and Sprouts Farmers Market. The Las Vegas MSA is supported by tourism and consumer visitation, with the report citing 42.5M visitors in 2019, and McCarran International Airport described as 5 miles away with 51.5M passengers in 2019.
Key Highlights
- Absolute NNN leased Kohl’s investment property with fee simple land & building ownership
- Corporate‑guaranteed tenant: Kohl’s Department Stores, Inc. (NYSE: KSS | S&P: BBB)
- Lease has 8 years remaining in the initial term, plus 6 (5‑year) extension options
Property Analytics
Current Use
Lease Details
114,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,427
Businesses Nearby
872k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 40%
Shops & Services 23%
Superstores 22%
Dining 11%
Costco Wholesale
Superstores
194,374 visits/mo
0.3 miles
Costco Gasoline
Shops & Services
87,776 visits/mo
0.3 miles
DICK'S Sporting Goods
Apparel
73,728 visits/mo
0.2 miles
Macy's
Apparel
69,779 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
63,073 visits/mo
0.3 miles
Demographics for 89014, NV
40,761
Population
18,062
Households
2.3
Avg Household Size
38
Median Age
29%
College-Educated
94%
High-School Grad
7.6 sq mi
ZIP Area
5,363
Density / Sq Mi
$73,130
Median Household Income
$46,101
Median Earnings
$1,629
Median Rent
$415,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN leased Kohl’s property with corporate guarantee and remaining initial term plus multiple extension options.
Where is this nnn property located?
The property is located at 1316 W Sunset Road Henderson, NV.
What are key features of this property?
This property features: Absolute NNN leased Kohl’s investment property with fee simple land & building ownership; Corporate‑guaranteed tenant: Kohl’s Department Stores, Inc. (NYSE: KSS | S&P: BBB); Lease has 8 years remaining in the initial term, plus 6 (5‑year) extension options
