10445 Spencer St - Retail FOR SALE


Las Vegas, NV 89183- Silverado Ranch
$4,500,000 USD
702-755-5486
10445 Spencer St, Las Vegas, NV for Sale
$4,500,000 USD
Retail - FOR SALE
1/4
null | 6.42% Cap Rate

10445 Spencer St
Las Vegas, NV 89183
Silverado Ranch


HIGHLIGHTS

  • Established Tenants: Approximately 88% of the tenants have occupied space at the Property since 2018
  • Below Market Rents: The average lease rate at the property is $2.46, giving the new owner the potential chance to increase lease rates in the future.
  • Strong Demographics: 1 Mile: 23,500 Residents/Average HH Income: $107,000. 3 Mile: 160,000 Residents/Average HH Income: $121,000
  • St. Rose Parkway/Cactus Exposure: Spencer Crossing benefits from over 92,000 vehicles per day St. Rose Parkway: 52,000 vehicles
  • Newer Construction with E-Commerce Resistant Tenants: Spencer Crossing was constructed in 2017, limiting deferred maintenance
  • Please do not disturb tenants

OVERVIEW

Adelphi Property Advisors presents Spencer Crossing (the ‘Property’), a +/- 10,800 SF multi-tenant strip center located in the Las Vegas Valley. The Property was constructed in 2017 and is located in one of the strongest retail hubs in Las Vegas. The St. Rose Parkway retail hub has immensely grown over the past several years with the new additions of Costco, Hobby Lobby, Starbucks, and several other nationally recognized brands. Spencer Crossing is 100% occupied leased to an Internet resistant tenancy. Goodyear/Tire Choice occupies 51% of the Property and is backed by the parent company Monro, a publicly traded entity. Other tenants include The Chicken Shack, Almond & Oat Espresso Bar, MM Salon, and D’s Smokeshop. Approximately 88% of the tenants have occupied space since 2018, and 79% of the tenants have occupied space since the Property was constructed in 2017.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

6.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

CC

APN/PARCEL ID

177-26-813-005

ASK ABOUT THIS PROPERTY

Jeff BergAdelphi Property AdvisorsMore Info
702-755-5486

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Jeff BergAdelphi Property AdvisorsMore Info
702-755-5486

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