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675 Mall Ring Cir
Henderson, NV 89014
Retail Property For Sale
Investment Highlights
- Fully Leased Retail Pad: 100% 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: NOI of approximately $292,131 with no near-term 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
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,565 SF
Building Class
B
Year Built
1997
Price
$6,269,895 CAD
Price Per SF
$828.80 CAD
Cap Rate
6.49%
NOI
$407,029 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
Property Taxes
| Parcel Number | 178-03-210-017 | Improvements Assessment | $388,474 CAD |
| Land Assessment | $385,972 CAD | Total Assessment | $774,448 CAD |
Property Taxes
Parcel Number
178-03-210-017
Land Assessment
$385,972 CAD
Improvements Assessment
$388,474 CAD
Total Assessment
$774,448 CAD
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