732-748 S Racetrack Rd - Freestanding FOR SALE


Henderson, NV 89015- River Mountain
$18,079,000 USD
702-860-6946
732-748 S Racetrack Rd, Henderson, NV for Sale
$18,079,000 USD
Freestanding - FOR SALE
1/5
null | 6.34% Cap Rate

732-748 S Racetrack Rd
Henderson, NV 89015
River Mountain


HIGHLIGHTS

  • +/- 119,748 SF Multi-tenant retail / showroom building situated on 8.62 acres.
  • Serviced by two (2) dock high loading doors and one (1) drive in loading door.
  • Renovated within the last six months with a brand-new roof , new HVAC units, and interior improvements.
  • 100% leased to five (5) tenants with MAC.BID, an online auction company, leasing the anchor space of +/- 109,759 SF.
  • Opportunity to own an asset with in-place base rent 30% below market rates, leaving significant upside.
  • The site has very low coverage (31%) making it attractive for future additional building, re-development, or expansion. 

OVERVIEW

Colliers is pleased to exclusively offer for sale 732-748 S. Racetrack Road, a multi-tenant retail / showroom building located in the Henderson submarket in Southern Nevada. This +/- 119,748 square foot property is 100% leased to five (5) tenants. The main “box” (+/- 109,748 square feet) is leased to MAC.BID, an online auction company.  The building was previously occupied by K-Mart.  The building was constructed in 1992. Within the last 12 months it has been renovated with a brand-new roof and new HVAC units, along with other capital improvements . It is serviced by 2 dock high loading doors and one drive in loading door.  It is situated on 8.62 acres with five (5) points of access along Racetrack Road and Boulder Hwy.  The property is situated across Boulder Highway from Lowe’s Home Improvement and Albertson’s.  This gentrified trade area includes the Boulder Highway Beautification Project .There are over 3,000 rooftops within a half mile radius of the property, not including Lennar Homes’ new Black Mountain Ranch with 950 new single-family homes, just a quarter mile away.  The building is also only 1.5 miles from I-95 at the Wagon Wheel interchange.

FOR SALE DETAILS

PRICE

$18,079,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

6.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Racetrack Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

530

LAND DETAILS

LAND ACRES

8.62 AC

LAND SF

375,487 SF

ZONING

MC

APN/PARCEL ID

179-21-311-009,179-21-311-010

ASK ABOUT THIS PROPERTY

Pat Marsh, SIORColliersMore Info
702-860-6946

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Pat Marsh, SIORColliersMore Info
702-860-6946

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