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10-18 W Pacific Ave 16,214 SF 92% Leased Retail Building Henderson, NV 89015 $5,252,222 ($323.93/SF) 7% Cap Rate
Investment Highlights
- Stabilized retail asset generating $367K NOI, ideally situated in a prime location within Henderson’s revitalizing Water Street District.
- Access to a dense, growing consumer base of over 677,000 affluent residents with direct exposure to an excess of 4,000 vehicles daily.
- Turnkey cashflow investment opportunity that will benefit from recent significant capital improvements and strong tenant Investments.
- Positioned with quick access to Interstate 11 and Interstate 215 freeways, as well as proximity to numerous hotels, casinos, and sporting complexes.
Executive Summary
Hiltz Commercial Group is pleased to present The Pacific Center, a multi-tenant retail and service property located at 10-18 W Pacific Avenue in Henderson, Nevada, within the Downtown Water Street District. The property consists of approximately 15,413 rentable square feet and is situated near the intersection of Water Street and Lake Mead Parkway.
The center is currently 92% occupied by a diverse mix of retail, restaurant, and service tenants, generating approximately $367,656 in stabilized Net Operating Income. The tenant roster includes a variety of locally established businesses that serve the surrounding community and contribute to consistent activity at the property.
Since acquiring the property, ownership has invested significantly into improving the building through both structural upgrades and tenant improvements. Capital investments have included roof replacement, HVAC upgrades, exterior improvements, and interior renovations. Additionally, several tenants have completed substantial build-outs to accommodate restaurant and office operations, representing a meaningful commitment to the property.
The Pacific Center currently contains a limited amount of remaining vacancy, providing an investor with the opportunity to further increase income through leasing the remaining space.
The property benefits from its location within Downtown Henderson’s Water Street District, an area that has experienced continued revitalization and new investment over recent years. The district has evolved into a growing hub for restaurants, entertainment venues, and community events, driving activity and visibility for nearby businesses.
In addition, the property is located a short distance from Cadence, one of Henderson’s largest master planned communities with more than 12,000 planned homes, contributing to continued residential growth and demand for neighborhood retail and service businesses.
With its stabilized income, recent capital improvements, strong tenant investment, proximity to a growing residential base, and location within one of Henderson’s historic commercial corridors, The Pacific Center offers investors the opportunity to acquire a well-located retail asset with existing cash flow and additional upside potential.
The center is currently 92% occupied by a diverse mix of retail, restaurant, and service tenants, generating approximately $367,656 in stabilized Net Operating Income. The tenant roster includes a variety of locally established businesses that serve the surrounding community and contribute to consistent activity at the property.
Since acquiring the property, ownership has invested significantly into improving the building through both structural upgrades and tenant improvements. Capital investments have included roof replacement, HVAC upgrades, exterior improvements, and interior renovations. Additionally, several tenants have completed substantial build-outs to accommodate restaurant and office operations, representing a meaningful commitment to the property.
The Pacific Center currently contains a limited amount of remaining vacancy, providing an investor with the opportunity to further increase income through leasing the remaining space.
The property benefits from its location within Downtown Henderson’s Water Street District, an area that has experienced continued revitalization and new investment over recent years. The district has evolved into a growing hub for restaurants, entertainment venues, and community events, driving activity and visibility for nearby businesses.
In addition, the property is located a short distance from Cadence, one of Henderson’s largest master planned communities with more than 12,000 planned homes, contributing to continued residential growth and demand for neighborhood retail and service businesses.
With its stabilized income, recent capital improvements, strong tenant investment, proximity to a growing residential base, and location within one of Henderson’s historic commercial corridors, The Pacific Center offers investors the opportunity to acquire a well-located retail asset with existing cash flow and additional upside potential.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
16,214 SF
Building Class
C
Year Built
1956
Price
$5,252,222
Price Per SF
$323.93
Cap Rate
7%
NOI
$367,656
Percent Leased
92%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.22
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
DX, Henderson - Downtown Mixed Use
Parking
24 Spaces (1.56 Spaces per 1,000 SF Leased)
Frontage
153’ on Pacific Ave
Amenities
- Signage
- Wheelchair Accessible
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Easy access to restaurants
Professionally managed property
| Space | Size | Space Use | Position | Available |
| 5/6 | 577 SF | Office/Retail | - | Now |
| 7 | 685 SF | Retail | In-Line | Now |
5/6
| Size |
| 577 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
7
| Size |
| 685 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
5/6
| Size | 577 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Easy access to restaurants
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
7
| Size | 685 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Professionally managed property
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
11,795
102,091
210,905
2030 Population
12,513
108,579
223,002
2025-2030 Projected Population Growth
6.1%
6.4%
5.7%
Median Age
41.3
41.4
40.9
College Degree + Higher
16%
23%
26%
Daytime Employees
8,605
30,344
52,530
Total Businesses
863
2,843
5,891
Average Household Income
$84,626
$110,863
$112,198
Median Household Income
$67,000
$89,643
$89,698
Total Consumer Spending
$136.6M
$1.3B
$2.8B
2025 Households
4,643
38,511
80,570
Average Home Value
$437,085
$512,600
$530,735
Nearby Major Retailers
Property Taxes
| Parcel Number | 179-18-710-005 | Improvements Assessment | $172,326 (2026) |
| Land Assessment | $54,886 (2026) | Total Assessment | $227,212 (2026) |
Property Taxes
Parcel Number
179-18-710-005
Land Assessment
$54,886 (2026)
Improvements Assessment
$172,326 (2026)
Total Assessment
$227,212 (2026)
1 of 32
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
10-18 W Pacific Ave
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