10-18 W Pacific Ave - Storefront Retail/Office FOR SALE


Henderson, NV 89015- Downtown Henderson
$5,367,372 USD
702-991-4391
10-18 W Pacific Ave, Henderson, NV for Sale
$5,367,372 USD
Storefront Retail/Office - FOR SALE
1/39
null | 6.85% Cap Rate

10-18 W Pacific Ave
Henderson, NV 89015
Downtown Henderson


HIGHLIGHTS

  • Stabilized Retail Asset Generating $367K NOI in Downtown Henderson
  • Recent Significant Capital Improvements and Strong Tenant Investment
  • Prime Location Within Henderson’s Revitalizing Water Street District

OVERVIEW

Hiltz Commercial Group is pleased to present The Pacific Center, a multi-tenant retail and service property located at 10-18 W Pacific Avenue in Henderson, Nevada, within the Downtown Water Street District. The property consists of approximately 15,413 rentable square feet and is situated near the intersection of Water Street and Lake Mead Parkway. The center is currently 92% occupied by a diverse mix of retail, restaurant, and service tenants, generating approximately $367,656 in stabilized Net Operating Income. The tenant roster includes a variety of locally established businesses that serve the surrounding community and contribute to consistent activity at the property. Since acquiring the property, ownership has invested significantly into improving the building through both structural upgrades and tenant improvements. Capital investments have included roof replacement, HVAC upgrades, exterior improvements, and interior renovations. Additionally, several tenants have completed substantial build-outs to accommodate restaurant and office operations, representing a meaningful commitment to the property. The Pacific Center currently contains a limited amount of remaining vacancy, providing an investor with the opportunity to further increase income through leasing the remaining space. The property benefits from its location within Downtown Henderson’s Water Street District, an area that has experienced continued revitalization and new investment over recent years. The district has evolved into a growing hub for restaurants, entertainment venues, and community events, driving activity and visibility for nearby businesses. In addition, the property is located a short distance from Cadence, one of Henderson’s largest master planned communities with more than 12,000 planned homes, contributing to continued residential growth and demand for neighborhood retail and service businesses. With its stabilized income, recent capital improvements, strong tenant investment, proximity to a growing residential base, and location within one of Henderson’s historic commercial corridors, The Pacific Center offers investors the opportunity to acquire a well-located retail asset with existing cash flow and additional upside potential.

FOR SALE DETAILS

PRICE

$5,367,372 USD

PRICE/SF

$331 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

CROSS STREETS

Water

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

DX, Henderson

APN/PARCEL ID

179-18-710-005

ASK ABOUT THIS PROPERTY

Michael HiltzHiltz Commercial GroupMore Info
702-991-4391

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Michael HiltzHiltz Commercial GroupMore Info
702-991-4391

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.