Listing banner image
  • Asking Price
    $3,552,000Asking Price
  • Cap Rate
    5%Cap Rate
  • NOI
    $177,566NOI
  • Gross Leasable Area
    4,002 SFGross Leasable Area
  • Acres
    ~0.90 acAcres
  • Occupancy
    100%Occupancy

Description

Colliers is pleased to exclusively offer for sale a two-tenant retail building with drive-thru 100% leased to Domino’s (NASDAQ: DPZ) and Dunkin Donuts located within Craig Promenade, a highly trafficked ±81,057 SF Smart & Final anchored neighborhood retail center in North Las Vegas.

The asset is well positioned within the dense and rapidly expanding Craig Road Corridor in North Las Vegas, Nevada, with over 280 feet of frontage along W. Craig Rd. (±46,500 VPD) just east of Revere St. (±10,400 VPD). The asset benefits from nearby co-tenancy including national retailers such as Walmart, Home Depot, Smart & Final, Smith’s, ALDI, Chick-fil-A, Starbucks, and more. 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.

Craig Promenade services a dense and underserved trade consisting of ±449,056 residents with an average household income of $90,441 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 ±382,030 residents.

Documents

Offering Summary

  • Asking Price
    $3,552,000

Sale Details

  • Cap Rate
    5.0%
  • NOI
    $177,566

Documents

Property Address

545 W Craig Rd.
North Las Vegas , NV 89032

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    4,002 SF
  • Occupancy
    100%
  • Lease Type
    NNN
  • Year Built
    2019
  • Zoning
    General Commercial (C-2)
  • APN
    139-03-314-006

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    4,002 SF
  • Occupancy
    100%
  • Lease Type
    NNN
  • Year Built
    2019
  • Zoning
    General Commercial (C-2)
  • APN
    139-03-314-006

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 building with drive-thru 100% leased to Domino’s (NASDAQ: DPZ) and Dunkin Donuts located within Craig Promenade, a highly trafficked ±81,057 SF Smart & Final anchored neighborhood retail center in North Las Vegas.

The asset is well positioned within the dense and rapidly expanding Craig Road Corridor in North Las Vegas, Nevada, with over 280 feet of frontage along W. Craig Rd. (±46,500 VPD) just east of Revere St. (±10,400 VPD). The asset benefits from nearby co-tenancy including national retailers such as Walmart, Home Depot, Smart & Final, Smith’s, ALDI, Chick-fil-A, Starbucks, and more. 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.

Craig Promenade services a dense and underserved trade consisting of ±449,056 residents with an average household income of $90,441 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 ±382,030 residents.

Documents

Offering Summary

  • Asking Price
    $3,552,000

Sale Details

  • Cap Rate
    5.0%
  • NOI
    $177,566

Documents

Property Address

545 W Craig Rd.
North Las Vegas , NV 89032

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    4,002 SF
  • Occupancy
    100%
  • Lease Type
    NNN
  • Year Built
    2019
  • Zoning
    General Commercial (C-2)
  • APN
    139-03-314-006

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    4,002 SF
  • Occupancy
    100%
  • Lease Type
    NNN
  • Year Built
    2019
  • Zoning
    General Commercial (C-2)
  • APN
    139-03-314-006

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
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