The Village of Centennial Springs 7585 Norman Rockwell Ln 3,779 SF Retail Building Las Vegas, NV 89143 $4,217,969 CAD ($1,116.16 CAD/SF) 6% Cap Rate

CAST presents investors with a rare opportunity to acquire a brand-new, long-term leased restaurant asset within The Village of Centennial Springs, the only lifestyle center in the Northwest submarket of Las Vegas. The building is leased by La Casa de Juliette—a high-end Mexican concept that was awarded “Neighborhood Restaurant of the Year” by NPR in 2024.
With a 10-year NNN lease backed by personal guarantees, this 3,779 SF freestanding restaurant benefits from exceptional visibility at the entrance to the Village Centennial Springs. With strong barriers to entry, steady rent escalations, and full pass-through of operating expenses, 7585 Norman Rockwell Lane offers stable, predictable cash flow in one of Las Vegas’ highest income, family-friendly, and community-oriented trade areas.
The Village of Centennial Springs is a one-of-a-kind mixed-use property, located at 7585 Norman Rockwell Lane, including a meticulously maintained mixed-use environment featuring popular dining, boutique retail, office, and residential components that consists of 45,134 rentable square feet situated on 5.79 acres of land.
The property is located just off the US-95 and Durango interchange with traffic counts exceeding 110,000 CPD. Surrounded by an affluent and growing residential base, including the 2,000-acre Sunstone master-planned community.
This property has been labeled “The Crown Jewel of the Northwest” by local Councilwoman Nancy Brune.
Over the past five years the property has undergone many changes. Eggworks (A well known Las Vegas chain) bought land and built a new 5,200 sqft breakfast restaurant. Fore Development bought 5.62 acres adjacent to the Village and created a new 143-unit brownstone multifamily complex that is 95 percent leased and completed construction in September 2022. Pop Squires Park at The Village was donated to the City of Las Vegas and is now zoned Recreational and will never be built upon. A park that the entire community enjoys every day and frequents during local weekend farmers markets held on Norman Rockwell Ln.