FOR SALE Craig Summers Senior Associate, Brokerage Services NRE License # S.0077796 (702) 487-9811 [email protected]Tom Wagener, CCIM Senior Vice President, Brokerage Services NRE License # BS.1001520 (702) 765-8896 [email protected]GROCERY ANCHORED RETAIL CENTER 345 - 479 WEST CRAIG ROAD NORTH LAS VEGAS, NV 89032 THE GROVE
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PowerPoint Presentation...4755 DEAN MARTIN DRIVE | LAS VEGAS, NEVADA 89103 | P: 702.221.8226 | F: 702.221.1256 | GATSKICOMMERCIAL.COM Gatski Commercial Real Estate Services (the …
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Gatski Commercial Real Estate Services (the “Broker”) has been retained as the Exclusive Agent bythe Seller of the Property (the “Seller”) to extend qualified principals the opportunity to acquire a feesimple interest in the property referred to as The Grove, located at 345 – 479 W. Craig Rd.(“Property”) in North Las Vegas, Nevada.This Offering Memorandum presents property information that we were provided by Seller andcertain documents are described in summary form. It contains selected information pertaining to theProperty which Broker feels is pertinent to the pricing. It does not purport to be all inclusive or tocontain all of the information, which prospective purchasers and/or lenders may desire. It should alsobe noted that all market analysis projections are provided for general reference purposes and arebased on assumptions relating to the general economy, competition and other factors beyond ourcontrol and, therefore, are subject to material variation.No representation or warranty, expressed or implied, is made by the Seller, Broker, or any of theirrespective affiliates as to the accuracy or completeness of the information contained herein, as toengineering or environmental matters or as to the future performance of the Property. Prospectivepurchasers should make their own projections and form their own conclusions without reliance uponthe material contained herein and conduct their own due diligence, including engineering andenvironmental inspections, to determine the condition of the Property and the existence of thepotentially hazardous material located at the Property site or used in the construction ormaintenance of the Property.The Property is being sold in its as is, where is condition without representation or warranty.Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has noobligation, express or implied, to accept any offer. Further, Seller has no obligation to sell theProperty unless and until the Seller executes and delivers a signed agreement of purchase and saleon terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will bedeemed to have acknowledged the foregoing and agreed to release Seller and Broker from anyliability with respect thereto.Additional information and an opportunity to inspect the Property will be made available tointerested and qualified prospective purchasers and will be conducted by appointment only ContactBroker for additional information.
DISCLOSURE
SITE INFORMATION:
Property Address: 345 – 479 W. Craig Rd.
North Las Vegas, NV 89032
Building Size: +/- 55,595
Lot Size: +/- 4.69 Acres
APN: 139-03-311-016
RENT SCHEDULE:
Period Rent/SF/Mo Rent/SF/Year Monthly Rent Annual Rent
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* Any leases renewing in this year are assumed to renew with no increase in rent
PROPERTY OVERVIEW
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This is an excellent opportunity to own a groceryanchored shopping center with a diverse tenant mixon busy Craig Rd. in North Las Vegas. The propertyis located across the street from Craig RanchRegional Park, which is a very popular destinationfor major events throughout the year.Key tenants in this offering include Smart & Final,Dairy Queen, Tropical Smoothie, US Army Corp. ofEngineers,, and Sugar Daddy’s Cigar Lounge. Thereare long term leases of 8-10 years with 5 of the 20tenants in the retail center.The Craig Rd. location is conveniently accessiblefrom both the I-15 and I-95. The demographics,traffic counts, visibility, and favorable lease termsmake this an attractive addition to any investorportfolio. A detailed rent roll is available in theTenant Summary section of this OfferingMemorandum.
Demographics 1 mile 3 miles 5 miles
2020 Population 18,181 157,978 421,172
Average Household Income $62,468 $54,379 $49,798
Total Households 5,695 48,884 132,041
STRATEGICALLY POSITIONED EXCEPTIONAL DEMOGRAPHICS
LONG TERMLEASE
ATTRACTIVERENT SCHEDULE
PROFESSIONALLY MANAGED
The property is located in the busy W. Craig retail corridor with traffic counts exceeding 47,350
vehicles per day, and close proximity to the I-95/I-93 freeway.
The average household income within a three-mile radius is $54,739.
5 Tenants with 8+ years remaining +/- 2% annual increases
EXECUTIVE SUMMARY
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4755 DEAN MARTIN DRIVE | LAS VEGAS, NEVADA 89103P: 702.221.8226 | F: 702.221.1256 | GATSKICOMMERCIAL.COM
Disclaimer: No warranty or representation, expressed or implied, is made as to the accuracy of the information stated within this marketing piece – an independent due diligence study should be conducted.