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Investment Highlights

  • New 15 Year Lease Term
  • 10% Increases Every 5 Years
  • Single Tenant
  • Top 3 Masterplan Communities in the Country

Executive Summary

Brand-New Construction
This ±40,000 SF newly constructed fitness center Opened December 2025. As new
construction, the property benefits from full depreciation timelines, contemporary design,
and also boosts curb appeal, attracting both customers and future tenants.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
40,000 SF
Building Class
B
Year Built
2026
Price
$15,000,000
Price Per SF
$375
Cap Rate
6.40%
NOI
$960,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
14.52 AC
Zoning
PC - Planned Community
Frontage
502’ on Cadence View Way

Amenities

  • Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

EoS Fitness
Starbucks
Smith's Market Place
Wells Fargo
InTouch Credit Union
Cafe Rio
Planet Fitness
Capriotti's
Chase Bank
Albertsons

Property Taxes

Property Taxes

Parcel Number
179-08-113-006
Land Assessment
$2,197,255
Improvements Assessment
$1,960
Total Assessment
$2,199,216
  • Listing ID: 37884709

  • Date on Market: 9/30/2025

  • Last Updated:

  • Address: 875 E Lake Mead Pky, Henderson, NV 89015

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