Fort Apache Commons 1215-1225 S Fort Apache Rd 50,967 SF 100% Leased Retail Building Las Vegas, NV 89117 $24,595,000 ($482.57/SF) 5.96% Cap Rate
INVESTMENT HIGHLIGHTS
- Irreplaceable Retail Shopping Center – “Trophy” investment asset in the heart of Summerlin
- Strong Historical Occupancy – 54% of the in place tenancy at Fort Apache Commons has operated at the site for 10 years or more
- Immediate Leasing Upside – At 80.6% current occupancy, 19.4% of the property (9,875 SF) of the property is available for lease
EXECUTIVE SUMMARY
* Badlands Residential Development – Fort Apache Commons sits less than one-half mile from the recently approved 1,480-unit residential development from Lennar Homes driving an additional ±$176,000,000 of annual future demand to this center.
* Immediate Leasing Upside – At 80.6% current occupancy, 19.4% of the property (9,875 SF) of the property is available for lease, providing an immediate opportunity to add value and increase
NOI.
* Strong Historical Occupancy – 54% of the in place tenancy at Fort Apache Commons has operated at the site for 10 years or more with Square Colour Salon approaching 15 years, proving the strength of the location and loyalty of the current occupants.
* Owner/User Investment Opportunity – Fort Apache Common’s 19.4% current vacancy (9,875 SF) within the office portion provides for an immediate owner/user occupancy opportunity.
* Below Market Assumable Non-Recourse Loan – The offering includes the ability to assume in-place debt at an attractive interest rate of 4.27% with more than 4 years remaining until maturation in November 2029.
PROPERTY FACTS
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
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- Health Care and Social Assistance
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Lorem Ipsum
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Your surgeon, Richard C. Rothman, M.D. <https://lasikofnv.com/our-doctors/dr-richard-c-rothman/>, has performed over 50,000 laser vision correction procedures. He has spent the past 21 years correcting vision and has 14 years of LASIK experience. This level of experience is unsurpassed in Nevada. The facility and practice are owned and operated by Dr. Rothman. We are not a corporate “chain”. Our doctors and staff have over 50 years of combined LASIK experience and we are committed to achieving the best possible outcome for each individual patient. Unlike some other local LASIK providers, our surgeon lives here in Las Vegas and is available to you 24/7. We will be here for you when you need us.
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- Retailer
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$9.99
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Lorem Ipsum
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Jan 0000
We Personally invite you to our newely open shop!
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- Services
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$9.99
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Jan 0000
Founded on the belief that affordable and convenient premium oral care should be accessible to everyone. Since their founding in 2014, they have helped more than one million people transform their smiles through their pioneering telehealth platform for orthodontia. Their customers’ before and happily-ever-after photos speak for themselves. They are an international oral care leader, with hundreds of SmileShops, more than 1,000 SmileDirectClub Partner Network dental office locations, a network of hundreds of affiliated, certified dentists and orthodontists, and thousands of Team Members across the globe. More than 80% of people could benefit from orthodontic care, yet only 1% receive it each year, with convenience and cost being the biggest issue. SmileDirectClub exists to help bridge that gap.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Health Care and Social Assistance | - | - | Lorem Ipsum | Jan 0000 | |
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Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
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Services | - | $9.99 | - | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 163-05-116-006 | Improvements Assessment | $2,639,095 |
| Land Assessment | $1,330,636 | Total Assessment | $3,969,731 |
