10890 S Eastern Ave
Henderson, NV 89052
Retail For Sale · Retail Property For Sale · 15,000 SF

At the base of Black Mountain in Henderson, Nevada, the Sunridge Plaza is located in the thriving retail and restaurant corridor of South Eastern Avenue which boasts a lower vacancy rate than most submarkets in the Las Vegas Valley. Sunridge Plaza is nestled amongst the affluent residential areas of Green Valley, Anthem, MacDonald Highlands and Seven Hills, with an average household income of over $100,000 and a population of 110,000 within a three-mile radius. The desirable demographics combined with a sustainable high traffic count at this intersection averaging over
71,000 cars per day offer an investor great upside in the lease-up of 21 percent of this building.

The subject property is Phase II of a multi-tenant retail center consisting of shops and restaurants. The development lies upon nine acres of land comprising nine separate buildings with over 78,000 square feet. Residents in this densely populated submarket are attracted to the many established dining and gaming experiences offered within the development such as Osaka Japanese Restaurant, the Village Pub and Eatery and PT's Pub, a local favorite in video poker establishments.

The tenant mix of Sunridge Plaza II is a synergistic mix of complementary tenants including: a high end salon facility, a skin and cosmetics clinic, a nail salon, a child theatrical development center as well as various restaurant offerings and other amenities. Quality construction of the subject property in addition to well-maintained grounds throughout the development offer clientele a high level of comfort in experiencing the different elements available in this well located center.

Economics of this investment opportunity are ideal for an investor looking to purchase a quality asset at a very low price per square foot relative to its premium location on South Eastern Avenue, enabling tremendous upside in lease-up and a proforma cap rate of 10.73 percent