6250 Mtn Vis St Henderson, NV 89014-2320

Peppertree Ridge, a 31,307-square-foot mixed-use property in Henderson, Nevada, presents a compelling value-add opportunity. Located at the signalized intersection of Mountain Vista Street and Ramrod Avenue, this two-story, 1983-built building boasts 32 units across 27,843 net rentable square feet, currently operating at 87% occupancy. The property sits on a 2.11-acre lot (APN 161-32-701-009) and is zoned CC. With an asking price of $3,690,000 ($118/SF) and a current NOI of $258,517, resulting in a 7.00% cap rate, this investment offers significant upside potential. The property's prime location, near the US-95 freeway and the expansive Henderson Town Center (a 250,000-square-foot shopping center), benefits from high traffic counts (approximately 28,000 cars daily) and proximity to dense multifamily housing (1,762 units within one mile). The current lease structure presents a significant value-add opportunity: only two tenants are on triple-net leases, and many tenants are on short-term leases paying below-market rents. This allows for potential lease renewals at increased rates, conversion of gross leases to triple-net leases, and replacement of underperforming tenants, ultimately enhancing income and property value.