Listing banner image
  • Asking Price
    $4,200,000Asking Price
  • NOI
    $294,725NOI
  • Cap Rate
    7%Cap Rate
  • Occupancy
    100%Occupancy
  • Acres
    ~0.60 acAcres
  • Year Built
    2008Year Built

Description

Colliers is pleased to exclusively offer for sale a two-tenant retail pad with drive-thru located within Desert Oaks Plaza, a ±53,324 SF neighborhood retail center located in North Las Vegas, NV. This freestanding retail pad is 100% leased to RISE Dispensary (OTCQX: GTBIF | CSE: GTII) and RejuveN8 Wellness Chiropractic Center.

The asset is well positioned within the dense and rapidly expanding Craig Road Corridor in North Las Vegas, Nevada, with over 250 feet of frontage along W. Craig Rd. (±44,500 VPD) just east of N Decatur Blvd. (±25,600 VPD). The asset benefits from nearby co-tenancy including national retailers such as Walmart, Home Depot, Smith’s, ALDI, Chick-fil-A, Starbucks, andmore. Hylo Park, a large scale mixed-use redevelopment, is currently under construction 2-miles south of the property and is expected to bring over 925 permanent jobs and will include a 150-room hotel, 665 housing units and a 100K SF Vegas Golden Knights youth and recreational hockey facility.

Desert Oaks Plaza services a dense and underserved trade consisting of ±424,412 residents with an average household income of $99,607 within a 5-mile radius and benefits from proximity to Nellis Air Force Base (±12,000 military/ civilian personnel) and the Cannery Hotel & Casino (±800 employees) with a nearby daytime population exceeding ±369,276 residents.

Documents

Offering Summary

  • Asking Price
    $4,200,000
  • Property Type
    Retail
  • Occupancy
    100%
  • Built
    2008
  • Parking
    2.63 per 1000 SF
  • Total Acres
    ~0.60 ac

Sale Details

  • Walt
    8.05 Years
  • Cap Rate
    7.0%
  • NOI
    $294,725
  • In-Place Cap Rate
    7.0%
  • In-Place NOI
    $294,725

Documents

Property Address

3930 West Craig Road
North Las Vegas, NV 89032

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2008
  • Year Renovated
    2008
  • Parking Ratio
    2.63 per 1000 SF
  • Total Parking
    20
  • Lease Type
    NNN
  • Zoning
    General Commercial (C-2)
  • APN
    139-06-615-004
  • Gross Leasable Area
    7,619 SF
  • Frontage (ft)
    250 ft
  • Acres
    0.57
  • Total Acres
    1

Property Details

Deal Team

Adam Malan profile image

Adam Malan

Vice Chair Vice Chair
Colliers
NV RE Lic. 0063542
Deana Marcello profile image

Deana Marcello

Executive Vice President Executive Vice President
Colliers
NV RE Lic. 174174

Description

Colliers is pleased to exclusively offer for sale a two-tenant retail pad with drive-thru located within Desert Oaks Plaza, a ±53,324 SF neighborhood retail center located in North Las Vegas, NV. This freestanding retail pad is 100% leased to RISE Dispensary (OTCQX: GTBIF | CSE: GTII) and RejuveN8 Wellness Chiropractic Center.

The asset is well positioned within the dense and rapidly expanding Craig Road Corridor in North Las Vegas, Nevada, with over 250 feet of frontage along W. Craig Rd. (±44,500 VPD) just east of N Decatur Blvd. (±25,600 VPD). The asset benefits from nearby co-tenancy including national retailers such as Walmart, Home Depot, Smith’s, ALDI, Chick-fil-A, Starbucks, andmore. Hylo Park, a large scale mixed-use redevelopment, is currently under construction 2-miles south of the property and is expected to bring over 925 permanent jobs and will include a 150-room hotel, 665 housing units and a 100K SF Vegas Golden Knights youth and recreational hockey facility.

Desert Oaks Plaza services a dense and underserved trade consisting of ±424,412 residents with an average household income of $99,607 within a 5-mile radius and benefits from proximity to Nellis Air Force Base (±12,000 military/ civilian personnel) and the Cannery Hotel & Casino (±800 employees) with a nearby daytime population exceeding ±369,276 residents.

Documents

Offering Summary

  • Asking Price
    $4,200,000
  • Property Type
    Retail
  • Occupancy
    100%
  • Built
    2008
  • Parking
    2.63 per 1000 SF
  • Total Acres
    ~0.60 ac

Sale Details

  • Walt
    8.05 Years
  • Cap Rate
    7.0%
  • NOI
    $294,725
  • In-Place Cap Rate
    7.0%
  • In-Place NOI
    $294,725

Documents

Property Address

3930 West Craig Road
North Las Vegas, NV 89032

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2008
  • Year Renovated
    2008
  • Parking Ratio
    2.63 per 1000 SF
  • Total Parking
    20
  • Lease Type
    NNN
  • Zoning
    General Commercial (C-2)
  • APN
    139-06-615-004
  • Gross Leasable Area
    7,619 SF
  • Frontage (ft)
    250 ft
  • Acres
    0.57
  • Total Acres
    1

Property Details

Deal Team

Adam Malan profile image

Adam Malan

Vice Chair Vice Chair
Colliers
NV RE Lic. 0063542
Deana Marcello profile image

Deana Marcello

Executive Vice President Executive Vice President
Colliers
NV RE Lic. 174174
loader
This website uses cookies to ensure you get the best experience on our website. Learn more