Property profile

524 S Boulder Hwy Henderson, NV 89015

FOR LEASE
Grocery and convenience stores
Property ID
US62-0344816
37,478 SF 9.81 ac lot Built 1966
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail investment opportunity, Henderson Plaza, presents 64,800 square feet of vacant space within a 87,135 square foot, multi-building shopping center located at 524 S Boulder Hwy, Henderson, NV 89015. Built in 1959, the property consists of five single-story buildings offering flexible spaces ranging from a minimum of 2,200 square feet to a maximum contiguous space of 25,000 square feet. The center boasts a strong tenant mix including established businesses such as At Home, Burger King, and others, ensuring high visibility and foot traffic. Located in a thriving Henderson submarket, the property benefits from its proximity to major thoroughfares like E Major Ave, and its strategic location near Downtown Henderson and Water Street. The property is zoned Corridor/Community Mixed-Use (MC) and is ideally situated to serve the substantial residential populations of nearby master-planned communities including Lake Las Vegas, Tuscany, and Cadence, as well as the surrounding areas of Boulder City, Lake Mead Recreation Area, and Hoover Dam. The property features ample parking with a 5.5 spaces per 1,000 square feet ratio. Clark County APN: 17917303018. This is a rare opportunity to acquire a well-positioned retail center in a high-growth area.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 37,478 SF
Lot 9.81 ac (427,324 SF)
APN 179-17-303-018
UPID US62-0344816

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Parts Store

Location

524 S Boulder Hwy Henderson, NV 89015
Henderson metro Census 5422 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.17M
Blend (final) Blend
$8.91M

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $11.7M +13.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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