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Horizon Pointe | 7yrs WALT | 100% Occupied 10520 S Eastern Ave 5,925 SF 100% Leased Retail Building Henderson, NV 89052 $7,242,412 CAD ($1,222.35 CAD/SF) 5% Cap Rate
Investment Highlights
- 7 Years of WALT Remaining | 100% Occupied | Scheduled Rental Increases | Guaranteed Leases
- Horizon Pointe | Eastern Commons |Dense Retail Corridor
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
- NNN Leases | Fee Simple Ownership | Minimal Landlord Responsibilities
- Rare Las Vegas MSA Retail Opportunity | Strong Consumer Bases |High Barriers To Entry
- Strong Demographics In The Immediate Trade Area
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple land and building ownership interest in a NNN leased four tenant retail building investment property located in Henderson, Nevada. The tenants Advanced Audiology, Insomnia Cookies, Jersey Mike’s, and Dave’s Hot Chicken have a weighted average term remaining of approximately 7 years. All tenants have additional options to extend, demonstrating their long term commitment to the site. The leases are structured as NNN with limited landlord responsibilities, making this an ideal low management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,925 SF
Building Class
B
Year Built
2003
Price
$7,242,412 CAD
Price Per SF
$1,222.35 CAD
Cap Rate
5%
NOI
$362,127 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
20 Exterior
Building FAR
0.19
Lot Size
0.73 AC
Zoning
CC, - Community Commercial (CC)
Parking
30 Spaces (5.06 Spaces per 1,000 SF Leased)
Frontage
181’ on Eastern Ave
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 177-25-810-007 | Improvements Assessment | $298,980 CAD |
| Land Assessment | $455,466 CAD | Total Assessment | $754,446 CAD |
Property Taxes
Parcel Number
177-25-810-007
Land Assessment
$455,466 CAD
Improvements Assessment
$298,980 CAD
Total Assessment
$754,446 CAD
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Horizon Pointe | 7yrs WALT | 100% Occupied | 10520 S Eastern Ave
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