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


Henderson, NV 89015- Downtown Henderson
$4,985,000 USD
725-213-9796
10-18 W Pacific Ave, Henderson, NV for Sale
$4,985,000 USD
Storefront Retail/Office - FOR SALE
1/31
null | 7.67% Cap Rate

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


HIGHLIGHTS

  • Stabilized retail asset generating $382K NOI, ideally situated in a prime location within Henderson’s revitalizing Water Street District.
  • Turnkey cashflow investment opportunity that will benefit from recent significant capital improvements and strong tenant investments.
  • Access to a dense, growing consumer base of over 677,000 affluent residents with direct exposure to an excess of 4,000 vehicles daily.
  • Positioned with quick access to Interstates 11 and 215, as well as proximity to numerous hotels, casinos, and sporting complexes.

OVERVIEW

The Pacific Center is a multi-tenant retail and service property located at 10–18 W. Pacific Avenue in Henderson, Nevada's revitalized Downtown Water Street District. The approximately 15,413-square-foot center is 92% occupied by a diverse mix of retail, restaurant, office, and service tenants, generating approximately $382,256 in stabilized Net Operating Income. Recent ownership has completed significant capital improvements, including roof replacement, HVAC upgrades, exterior enhancements, and interior renovations, while several tenants have invested in substantial build-outs, demonstrating long-term commitment to the property. The property offers a limited amount of remaining vacancy, presenting an opportunity to increase income through additional leasing. Currently available are two second-floor suites: Suite 5/6 (577 SF) and Suite 7 (685 SF), both newly renovated and well suited for retail, professional office, medical, or administrative users. Situated near the intersection of Water Street and Lake Mead Parkway, The Pacific Center benefits from its location within one of Henderson's most active commercial corridors, offering convenient access to Interstates 11 and 215, ample parking, and close proximity to restaurants, entertainment, and community amenities. The property is also just minutes from Cadence, one of Henderson's largest master-planned communities with more than 12,000 planned homes, and serves a population of more than 677,000. With stabilized cash flow, quality improvements, a growing residential customer base, and leasing upside, The Pacific Center represents a compelling investment and leasing opportunity in one of Southern Nevada's fastest-growing markets.

FOR SALE DETAILS

PRICE

$4,985,000 USD

PRICE/SF

$307 USD /SF

CAP RATE

7.67%

% 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

13,251 SF

ZONING

DX, Henderson

APN/PARCEL ID

179-18-710-005

ASK ABOUT THIS PROPERTY

Michael HiltzHiltz Commercial GroupMore Info
725-213-9796

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

Michael HiltzHiltz Commercial GroupMore Info
725-213-9796

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