10 Costa Di Lago - Retail FOR SALE


Henderson, NV 89011- Lake Las Vegas
$16,200,000 USD
702-323-7315
10 Costa Di Lago, Henderson, NV for Sale
$16,200,000 USD
Retail - FOR SALE
1/9
null | 7.5% Cap Rate

10 Costa Di Lago
Henderson, NV 89011
Lake Las Vegas


HIGHLIGHTS

  • One of the only sources of major retail in a 5-mile radius
  • Year 2 yield - 8.24%

OVERVIEW

23% Below Market Rents: The most recent NNN leases were done at $2.25 and $2.50/SF per month and a total of six leases have been completed since 2024 between $2.25 to $2.50/SF per month in rent. The average in place NNN rent for the center is $1.77/SF which is between $0.48/SF and $0.73/SF below current market rent. This provides a new buyer with roughly $300,000 to $450,000 in potential annual income upside from rent alone, not including lease up of vacant space and the additional income from NNN recoveries that will follow.

FOR SALE DETAILS

PRICE

$16,200,000 USD

PRICE/SF

$289 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Montelago Village

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CT

APN/PARCEL ID

160-22-815-016

ASK ABOUT THIS PROPERTY

Christina StricklandNewmarket Commercial Real Estate AdvisorsMore Info
702-323-7315

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Christina StricklandNewmarket Commercial Real Estate AdvisorsMore Info
702-323-7315

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