Kohl's Absolute NNN Retail
1316 W Sunset Road Henderson, NV 89014
For Sale
Contact for pricing
Pending
Absolute NNN leased Kohl’s property with corporate guarantee and remaining initial term plus multiple extension options.
Days on Market104
Property Features for 1316 W Sunset Road
General Information
- Standard status
- Pending
- Property subtype
- Retail
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 23 at 8:12AM
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
Location Intelligence
Current Use by Public Records
SEPHORA at Kohl's
Cosmetic Store
Kohl's
Department Store
FAQs
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
