2445 E Centennial Pky - Bank FOR SALE


North Las Vegas, NV 89081
$5,167,000 USD
949-295-7262
2445 E Centennial Pky, North Las Vegas, NV for Sale
$5,167,000 USD
Bank - FOR SALE
1/4
null | 5.1% Cap Rate

2445 E Centennial Pky
North Las Vegas, NV 89081


OVERVIEW

HIGH QUALITY CORPORATE GROUND LEASED BANK OF AMERICA High Credit STNL Opportunity – A rare opportunity to acquire a STNL ground leased asset backed by an investment-grade (S&P: A+) tenant in the high growth market of North Las Vegas Bank of America – One of the largest financial institutions in the world with a market capitalization of $335 billion offering a wide range of banking, investment, asset management, and financial services to individuals, businesses, and governments. Bank of America serves over 67 million clients globally and holds over $3.3 trillion in total assets, making it the second-largest bank in the U.S New Lease Extension – Bank of America recently extended its lease early for an additional 5 years, demonstrating its commitment to this location for years to come GROCERY ANCHORED SHOPPING CENTER Regional Supermarket Anchor – Bank of America is a part of Shadow Creek Marketplace, a grocery anchored shopping center anchored by Smith’s Food and Drug (NAP) HIGH IDENTITY, REGIONAL RETAIL LOCATION High Visibility, High Traffic Location – In addition to its proximity to I-15, Bank of America is well positioned at the hard corner of E Centennial Pkwy and Losee Rd which sees a combined ±30,400 cars per day Irreplaceable Retail Hub – Located within the retail hub of North Las Vegas with adjacent name brand tenants such as Smith’s, Sprouts, CVS, Walmart, 7-Eleven, Jersey Mikes, Subway, Jack in the Box, McDonalds and many others Residential and Commercial Proximity – Proximity to both residential and commercial density keeps the property busy throughout the day Housing Growth – North Las Vegas has seen a housing boom that includes more than 6,700 new single-family homes built in the last 5 years • The Valley Vista, Villages at Tule Springs and Sedona Ranch master planned communities are projected to add an additional ±14,000 housing units over the next 10 years. STRONG REAL ESTATE FUNDAMENTALS AND INTRINSIC VALUE Hard Corner, Signalized Location – Bank of America is located at the signalized corner of E Centennial Pkwy and Losee Rd, providing exceptional visibility and signage presentation Ease of Circulation – Convenient, accessible parking field combined with multiple ingress/egress points from E Centennial Pkwy and Losee Rd create a significant amenity for customers throughout the day GROWING, AFFLUENT NORTH LAS VEGAS DEMOGRAPHICS • More than 26,800 people in a 1-mile radius with Average Household Incomes exceeding $88,200 • More than 108,900 people in a 3-mile radius with Average Household Incomes exceeding $98,900 • More than 272,600 people in a 5-mile radius with Average Household Incomes exceeding $91,900 EXCELLENT 1031 EXCHANGE UPLEG OR ADDITION TO PORTFOLIO “Coupon Clipper” – NNN Investment leased to Bank of America, with zero landlord maintenance obligations Excellent Upleg – Available for a quick close to accommodate 1031 Exchange timelines

FOR SALE DETAILS

PRICE

$5,167,000 USD

PRICE/SF

$1,178 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

C-1, North Las Vegas

APN/PARCEL ID

124-26-501-015

ASK ABOUT THIS PROPERTY

Kirk BrummerKidder MathewsMore Info
949-295-7262

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Kirk BrummerKidder MathewsMore Info
949-295-7262

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