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1625 - 1655 W Warm Springs Road - Green Valley Station, Henderson, NV

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1625 - 1655 W Warm Springs Road - Green Valley Station

SEC Arroyo Grande & Warm Springs Rd
Henderson, NV 89014 - SE Las Vegas/Henderson Submarket

(865.6 KB)

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:1998
Building Size:16,966 SF Land Area:1.75 AC (76,230 SF)
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 5.19/1,000 SF
Features:Bus Line, Pylon Sign, Signage, Signalized Intersection



Sale Notes:
Starting Bid $500,000
Bid Deposit $10,000

Auction Starts01/20/2015
Auction Ends01/22/2015



Auction.com and The Equity Group, on behalf of the owner, are pleased to present an opportunity to purchase Green Valley Station, a +/- 16,985 SF multi-tenant retail building servicing the dense and affluent Green Valley suburb of Henderson, Nevada. The property is located directly across from Green Valley High School on the fringes of the Galleria Mall trade area, an extremely hot retail corridor boasting some of the highest rents and lowest vacancy rates in the Las Vegas valley.

Investment Highlights:

Excellent Value Add Opportunity: Currently 45.96% leased, the asset provides a great value-add opportunity through lease-up and rental growth over an investment time horizon.

Location: Green Valley Station is located directly across from Green Valley High School on the fringes of the Galleria Mall trade area, an extremely hot retail corridor boasting some of the highest rents and lowest vacancy rates in the Las Vegas valley.

Residential Demographics/Density: Green Valley Station services the mature Green Valley suburb of Henderson, Nevada; providing strong demographics and a dense retail customer base.

Competition: The Galleria Retail Corridor has very limited options available for new development that could threaten the current retail/office supply, which will support high occupancy levels and strong rental growth over an investment time horizon.

Property Information:

Construction Type: Wood Frame & Stucco, built in 1994.

Signage: Pylon sign providing strong visibility along W. Warm Springs Road.

Ingress and Egress: The asset has strong frontage and direct access from W. Warm Springs Road and N. Arroyo Grande Boulevard.

HVAC: Individual Rooftop Packaged Units (Tenants are responsible for HVAC maintenance and repair).

Traffic Counts: W. Warm Springs Road Traffic Counts Exceed 23,000 Cars Per Day

Auction.com Commercial
Auction.com Commercial
(800) 322-9168

Steve Narish
(949) 271-0675

  
The Equity Group, Inc.
Brendan Keating
(702) 369-4300 x231

Adam J Malan
(702) 369-4300 x228




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