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Racetrack Plaza 732-748 S Racetrack Rd 119,748 SF 100% Leased Retail Building Henderson, NV 89015 $18,079,000 ($150.98/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- +/- 119,748 SF Multi-tenant retail / showroom building situated on 8.62 acres.
- Renovated within the last six months with a brand-new roof , new HVAC units, and interior improvements.
- Opportunity to own an asset with in-place base rent 30% below market rates, leaving significant upside.
- Serviced by two (2) dock high loading doors and one (1) drive in loading door.
- 100% leased to four (4) tenants with MAC.BID, an online auction company, leasing the anchor space of +/- 109,759 SF.
- The site has very low coverage (31%) making it attractive for future additional building, re-development, or expansion.
EXECUTIVE SUMMARY
The building was constructed in 1992. Within the last 12 months it has been renovated with a brand-new roof and new HVAC units, along with other capital improvements . It is serviced by 2 dock high loading doors and one drive in loading door. It is situated on 8.62 acres with five (5) points of access along Racetrack Road and Boulder Hwy.
The property is situated across Boulder Highway from Lowe’s Home Improvement and Albertson’s. This gentrified trade area includes the Boulder Highway Beautification Project .There are over 3,000 rooftops within a half mile radius of the property, not including Lennar Homes’ new Black Mountain Ranch with 950 new single-family homes, just a quarter mile away. The building is also only 1.5 miles from I-95 at the Wagon Wheel interchange.
PROPERTY FACTS
AMENITIES
- Corner Lot
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Arts, Entertainment, and Recreation
- -
- -
- -
- -
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- MAC.BID
- Retailer
- -
- -
- Triple Net
- -
- Rise Up Christian Church
- -
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Arts, Entertainment, and Recreation | - | - | - | - | |
| MAC.BID | Retailer | - | - | Triple Net | - | |
| Rise Up Christian Church | - | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,538,870 | |
| Land Assessment | $1,156,579 | Total Assessment | $2,695,450 |
PROPERTY TAXES
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Racetrack Plaza | 732-748 S Racetrack Rd
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