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2090 Village Center Cir
Las Vegas, NV 89134
24 Hour Fitness · Retail Property For Sale
Investment Highlights
- Newly executed 12-year lease extension providing over a decade of stable cash flow
- 3% rental increases every 3 years acting as a hedge against inflation
- 5.97-acre parcel in Summerlin — exceptionally rare land size in this market
- Absolute NNN lease — zero landlord responsibilities, hands-off passive investment
- $1,500,000 in upcoming tenant improvements cementing long-term commitment
- Avg household income of $132,806 within 1 mile; 200,000+ Summerlin residents
Executive Summary
Broker of Record
David Harrington
License # B.1003120.CORP, B.1003120.CORP (NV)
Matthews Real Estate Investment Services, Inc
400 S. 4th St., Suite 500, Las Vegas, NV 89101
(866) 889-0550
David Harrington
License # B.1003120.CORP, B.1003120.CORP (NV)
Matthews Real Estate Investment Services, Inc
400 S. 4th St., Suite 500, Las Vegas, NV 89101
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
57,963 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2003
Price
$18,000,000
Price Per SF
$310.54
Cap Rate
7.08%
NOI
$1,274,028
Tenancy
Single
Building Height
2 Stories
Slab To Slab
14’8”
Building FAR
0.22
Lot Size
5.97 AC
Zoning
P-C
Parking
218 Spaces (3.76 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 138-19-817-003 | Improvements Assessment | $1,814,792 |
| Land Assessment | $1,956,899 | Total Assessment | $3,771,691 |
Property Taxes
Parcel Number
138-19-817-003
Land Assessment
$1,956,899
Improvements Assessment
$1,814,792
Total Assessment
$3,771,691
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