72 Horizon Rdg Pkwy Henderson, NV 89012-5324

Property Details for 72 Horizon Rdg Pkwy

Year built

2005

Construction

CONCRETE

Lot size

1.66 lot acres

Property size

19,275 SF

Property type

Community centers

APN

179-19-401-008

APU

17919401008

Description

This exceptional Class A, 38,373 square foot shopping center in Henderson, Nevada presents a compelling investment opportunity. Boasting a 100% occupancy rate across 19 tenants, the property features a diverse mix of businesses, including HotWorx Yoga and Teriyaki Madness, ensuring a stable and well-balanced income stream. Built in 2005, the two-building, single-story complex sits on a 3.55-acre lot with ample parking (3.9 spaces per 1,000 sq ft). The property benefits from a prominent location on Horizon Ridge Parkway, offering high visibility and accessibility due to its proximity to the I-515 freeway (daily traffic count exceeding 94,500 vehicles). The current Net Operating Income (NOI) is $783,669, with a projected NOI of $850,134, resulting in a current cap rate of 6.15% and a pro-forma cap rate of 6.67%. The asking price is $12,750,000, translating to $332.26 per square foot. The property is zoned CC and features a staggered lease structure with rent bumps, providing long-term growth potential. The current lease term has 3.3 years remaining. This stabilized investment, with minimal deferred maintenance, offers a secure and lucrative return. The property's location near affluent Henderson neighborhoods further enhances its appeal. This is a truly exceptional opportunity for investors seeking a high-performing, well-located retail asset.