Shops to Sprouts Farmers Market at Centennial Village

Shops to Sprouts at Centennial Village_OM 1.jpg

Shops at Centennial Village

6424 Losee Road, North Las Vegas, NV

Launch Video OM

HIGHLIGHTS

Property Details

Offering Price:

Cap Rate:

Gross Leasable Area:

Weighted Average Lease Term:

Lot Size:

Year Built:

$6,625,000

5.3%

14,022 Sq Ft

6.5 Years

1.14 Acres

2008

Offers the stability and management ease of a net-leased offering with the diversification of a multi-tenant investment offering.

Under-Construction Sprouts Anchored Center

Excellent traffic drivers exist at this multi-faceted retail center, including an under-construction Sprouts Farmers Market, one of the top performing EOS Fitness Centers in Nevada, CVS Pharmacy and multiple others.

Explosive 30% Increase in Residential Growth

Thousands of residential homes recently built within the surrounding radius and more under construction. A 30% increase in the three-mile radius since 2010.

Long-Term NNN Leases, Long Operating History

Three well-performing tenants have operated successfully prior to the recent boost in population and each has recently renewed their leases or otherwise have leases expiring no sooner than 2028.

Retail/Medical Tenant Mix Provides Extra Stability

Resistant to recessionary and inflationary pressures, each of the tenants is naturally resilient to difficult market downturns.

Annual Rent Increases - Strong Inflationary Hedge

Two of the three tenants have scheduled three-percent (3%) annual rent increases.

Maximum Visibility at Entrance to Retail Center

Roughly 230 feet of direct frontage along East Centennial Parkway with prominent monument signage and multiple points of ingress/egress.