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675 Mall Ring Cir 7,565 SF 100% Leased Retail Building Henderson, NV 89014 $7,235,253 CAD ($956.41 CAD/SF) 5.95% Cap Rate
Investment Highlights
- Fully leased to a national credit tenant and a 7-unit regional restaurant operator.
- NNN Lease Structure: Predictable cash flow with minimal landlord responsibilities.
- Shadow-Anchored Location: Positioned within the Galleria at Sunset trade area.
- In-Place Income: Stabilized NOI of approximately $312,255.70 with no nearterm lease rollover.
- Strong Tenant Mix: Corporate outdoor apparel retailer paired with high-traffic restaurant use.
- Long-Term Lease Security: Weighted average remaining lease term extending into the 2030s.
Executive Summary
The subject property is a highly visible, two-tenant pad building with immediate access to one of the busiest intersections in the corridor, Sunset Road and Stephanie Street. The asset is strategically positioned within a dominant retail trade area anchored by the Galleria at Sunset, which has undergone $7 million dollars in capital improvements in recent years.
The surrounding area continues to benefit from substantial residential and economic growth, highlighted by the nearby Cadence—a 2,200-acre master-planned community with over 12,000 homes and consistently ranked among the top selling communities in the United States—as well as Union Village, a 170-acre health and wellness-focused development.
These large-scale developments are driving sustained population growth and increasing consumer demand, positioning the property to benefit from strong tenant performance and long-term rental rate appreciation.
The surrounding area continues to benefit from substantial residential and economic growth, highlighted by the nearby Cadence—a 2,200-acre master-planned community with over 12,000 homes and consistently ranked among the top selling communities in the United States—as well as Union Village, a 170-acre health and wellness-focused development.
These large-scale developments are driving sustained population growth and increasing consumer demand, positioning the property to benefit from strong tenant performance and long-term rental rate appreciation.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,565 SF
Building Class
B
Year Built
1997
Price
$7,235,253 CAD
Price Per SF
$956.41 CAD
Cap Rate
5.95%
NOI
$430,498 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.92 AC
Zoning
CC
Parking
39 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Courtyard
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 178-03-210-017 | Improvements Assessment | $386,852 CAD |
| Land Assessment | $384,360 CAD | Total Assessment | $771,213 CAD |
Property Taxes
Parcel Number
178-03-210-017
Land Assessment
$384,360 CAD
Improvements Assessment
$386,852 CAD
Total Assessment
$771,213 CAD
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675 Mall Ring Cir
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