1470 W Horizon Ridge Pky
Henderson, NV 89012
Citibank | Henderson, NV · Retail Property For Sale

The lease structure is triple net (NNN), with minimal landlord responsibility. Tenant is responsible for the costs associated with maintaining, repairing, and replacing all aspects of the property, as well as the cost of all required insurances, taxes, and utilities. There are three (3.5) years remaining on the lease term, plus two (2), five (5) year options. The lease provides for 10% rental increases at each option period. The lease is corporately guaranteed by Citibank, N.A., the consumer banking arm of US financial services giant Citigroup Inc. According to the FDIC, this location reported $137 million in deposits (as of 6/30/16). There are 260,036 residents located in the five (5) mile demographic ring. The average household income in the five (5) mile demographic ring is $77,392. Citibank has strong frontage on W Horizon Ridge Pkwy., which reports high traffic counts of 15,500 cars per day at this location. The property is situated right off Interstate 215, which has strong traffic counts of 132,000 cars per day. Citibank is surrounded by several popular retailers including Taco Bell, Albertsons, Walgreens, KFC and Smith' s Food & Drug Stores, among others. The city of Henderson is part of the Las Vegas metropolitan area, which spans the entire Las Vegas Valley. It is located just 7 miles from the famous Las Vegas Strip.