Property profile

72 Horizon Rdg Pkwy Henderson, NV 89012

OFF-MARKET
Community centers
Property ID
US62-0170627
19,275 SF 1.66 ac lot Built 2005
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 2005
Construction CONCRETE
Total area 19,275 SF
Lot 1.66 ac (72,310 SF)
APN 179-19-401-008
UPID US62-0170627

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
  • Restaurant
  • Restaurant
  • Training Center Sports School
  • Restaurant
  • Restaurant

Location

72 Horizon Rdg Pkwy Henderson, NV 89012-5324
Henderson metro Census 5366 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$4.09M

Owner & transaction history

since 2014
7 recorded transactions
2022
Price N/A
2014
$7.6M
2012
$6.5M
2011
Price N/A
2010
$4.0M
2006
Price N/A
1969
Price N/A

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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