7580 Norman Rockwell Ln - Retail FOR SALE


Las Vegas, NV 89143- Centennial Hills
$2,080,356 USD
702-592-7187
7580 Norman Rockwell Ln, Las Vegas, NV for Sale
$2,080,356 USD
Retail - FOR SALE
1/16
null | 6.25% Cap Rate

7580 Norman Rockwell Ln
Las Vegas, NV 89143
Centennial Hills


HIGHLIGHTS

  • NEIGHBORHOOD RESTAURANT OF THE YEAR - (NPR 2024)
  • Fully Stabilized Asset: 100% leased to two established neighborhood service tenants — a dental practice and a barbershop — providing steady cash flow.
  • Service-Oriented Tenancy: Internet-resistant uses with recurring customer demand and long-term community presence.
  • The premier lifestyle retail destination in Northwest Las Vegas with a curated mix of restaurants, boutique retail, and professional services.
  • High Barriers to Entry: Limited land and restrictive zoning in the area protect asset value and rental rates.
  • Affluent and Growing Trade Area: Surrounded by high-income households and robust residential growth, fueling long-term tenant success.

OVERVIEW

CAST presents investors with a rare opportunity to acquire an asset within The Village of Centennial Springs, the only lifestyle center in the Northwest submarket of Las Vegas. This two tenant stabilized retail/office building offers investors longstanding, locally operated service tenants with established customer bases, providing reliable income and low turnover risk. Situated in one of Las Vegas’ highest income, family-friendly, and community-oriented trade areas, within a well-trafficked retail corridor and surrounded by expanding residential communities, the property benefits from excellent visibility, ample parking, and strong area demographics. The Village of Centennial Springs is a one-of-a-kind mixed-use property, located at 7580 Norman Rockwell Lane, including a meticulously maintained mixed-use environment featuring popular dining, boutique retail, office, and residential components that consists of 45,134 rentable square feet situated on 5.79 acres of land. The property is located just off the US-95 and Durango interchange with traffic counts exceeding 110,000 CPD. Surrounded by an affluent and growing residential base, including the 2,000-acre Sunstone master-planned community. This property has been labeled “The Crown Jewel of the Northwest” by local Councilwoman Nancy Brune. Over the past five years the property has undergone many changes. Eggworks (A well known Las Vegas chain) bought land and built a new 5,200 sqft breakfast restaurant. Fore Development bought 5.62 acres adjacent to the Village and created a new 143-unit brownstone multifamily complex that is 95 percent leased and completed construction in September 2022. Pop Squires Park at The Village was donated to the City of Las Vegas and is now zoned Recreational and will never be built upon. A park that the entire community enjoys every day and frequents during local weekend farmers markets held on Norman Rockwell Ln.

FOR SALE DETAILS

PRICE

$2,080,356 USD

PRICE/SF

$615 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Village of Centennial Springs

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

T-C

APN/PARCEL ID

125-17-720-001

ASK ABOUT THIS PROPERTY

Steve NeigerCASTMore Info
702-592-7187

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Steve NeigerCASTMore Info
702-592-7187

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