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Centennial Crossroads Plaza
NE Quadrant of Interstate 215 & Highway 95, Las Vegas, NV 89131
$16,915,894
105,414 SF
$160.47
Shopping Center
Community Center
Investment
8.50%
96%
1
Multiple
2003
9.62 AC
3.70 / 1,000 SF
-
Find Out More...
Last Verified 11/10/2009
Listing ID 16415230
Highlights
Premier, Institutional Grade, Community Shopping Center.- Stability of Income from Investment Grade Tenants. Vons Food and Drug, an investment grade (S&P BBB) company occupies 52.42% of the GLA.
- Target (NAP), an investment grade (S&P A+) company occupies 154,000 square feet and offers a tremendous customer draw to the center.
- Strong Income Growth Potential. The 10-Year Growth in Net Operating Income is anticipated to be over 34%.
- Strong Trade Area Demographics. Within a 3-mile radius the 2009 Estimated Average Household Income is $98,788.
- Las Vegas Remains One of the Fastest Growing Markets in the United States. Since 2000 the Population has grown more than 43%.
Description
An approximately 105,414 square foot portion of a 259,414 square foot Community Shopping Center anchored by Target (Not a Part of Offering) and Vons Food & Drug, a division of Safeway. The Property includes five (5) retail buildings, including one (1) in-line major tenant building, two (2) multi-tenant out-pad buildings, and one (1) single-tenant out-pad building. The Out-Pad Buildings and In-Line Shops are leased to a synergistic tenant roster that includes Chase Bank, Baskin Robbins, The UPS Store, Subway, and State Farm Insurance. Please call or email for additional information.
The Property is located in an irreplaceable location at the northeast quadrant of Interstate 215 and State Highway 95 in Las Vegas, Nevada. The Property, located in the retail hub of the trade area, has direct, unobstructed visibility and immediate on/off access with Interstate 215 and includes a signalized intersection at its entrance.
Proforma
$1,953,666
$1,953,666
$515,815
$1,437,851
$581,436
| Tenant | SF Occupied | Lease Expired | |
|---|
| Vons Food & Drug | 55,256 | | |
| Target (NAP) | 154,000 | | |
| Game Tag | 6,200 | | |
| Chase Bank | 4,300 | | |
Map of NE Quadrant of Interstate 215 & Highway 95, Las Vegas, NV 89131 (Clark County)
Created 9/30/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.