2109 S Magic Way - Retail FOR SALE


Henderson, NV 89002- Highland Hills
$3,400,000 USD
480-221-4221
2109 S Magic Way, Henderson, NV for Sale
$3,400,000 USD
Retail - FOR SALE
1/10
null | 5.36% Cap Rate

2109 S Magic Way
Henderson, NV 89002
Highland Hills


HIGHLIGHTS

  • Strong Tenant Lineup | 100% Occupied | No State Income Tax | NNN Leases | Ecommerce Resistant Tenants | 24-Hour Location
  • Signalized, Hard Corner Intersection | Highly Traveled Trade Area |Nevada State College (3,534 Students) | Dense Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant, freestanding, 24-hour, 100% occupied retail investment property located in Henderson, Nevada (Las Vegas MSA). The property totals 6,100 square feet and is divided into 2 suites with Red Dragon occupying 4,800 square feet and Subway utilizing the remaining 1,300 square feet. The offering consists of a diverse, ecommerce resistant tenant lineup creating a stabilized, income stream for a new investor. Both tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor in an income tax free state. The Red Dragon operates under the Dotty’s brand, one of Nevada’s most successful gaming and tavern companies currently operating 190+ locations. Red Dragon is the Dotty’s brands Asian concept.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$557 USD /SF

CAP RATE

5.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Dragon & Subway | NNN | 24hr Location

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

MC

APN/PARCEL ID

179-28-721-003

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 Policy.