1071 W Sunset Rd - Freestanding FOR SALE


Henderson, NV 89014- Whitney Ranch
$6,611,000 USD
480-221-4221
1071 W Sunset Rd, Henderson, NV for Sale
$6,611,000 USD
Freestanding - FOR SALE
1/10
null | 6% Cap Rate

1071 W Sunset Rd
Henderson, NV 89014
Whitney Ranch


HIGHLIGHTS

  • Top-Performing Jared Nationally | #5 of 216 Stores (98th Percentile)
  • Rare, Freestanding Single-Tenant Jared | 25+ Years of Occupancy
  • Long-Term Runway | True Absolute NNN | Corporate Guaranty
  • Underbuilt Site | Excess Land and Parking
  • Outparcel to Eastgate Plaza (5.9M Annual Visits) | Direct I-11 (125K VPD) Access
  • Strong Demographics | $2.5B Henderson Development Wave

OVERVIEW

SRS National Net Lease Group, LP. is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, Jared Jewelers investment property located in Henderson, Nevada (Las Vegas MSA). The tenant, Sterling Jewelers, Inc., has occupied the property for over 25 years and recently exercised a 5-year extension option, with 4 (5-year) options remaining. The lease features 12.5% rental increases at the beginning of each option period, hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Jared is the nation’s leading off-mall destination specialty jewelry chain and a wholly owned concept of Signet Jewelers (NYSE: SIG), the world’s largest retailer of diamond jewelry operating approximately 2,800 stores across Kay Jewelers, Zales, Jared, and other banners. The site represents a top performing brand location ranking in the top 98th percentile (#5 nationally and #1 in the state) with over 101K annual visits (Placer.ai).

FOR SALE DETAILS

PRICE

$6,611,000 USD

PRICE/SF

$1,129 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jared Jewelers | 25+yr Occupancy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

CH

APN/PARCEL ID

178-03-710-008

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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