for sale - loopnet€¦ · pet supplies • grooming • bakery available +/- 5,361 cc 215 15,288...

CHRIS RICHARDSON, CCIMDirector702.954.4110crichardson@logicCRE.com

JASON OTTERDirector702.954.4109jotter@logicCRE.com

presented by:

BRENDAN KEATINGCEO702.954.4108bkeating@logicCRE.comOwner/Licensee

JAMBOREEBAGELS

PET SUPPLIES • GROOMING • BAKERY

AVAILABLE+/- 5,361

CC 21515,288 CPD

US-9584,500 CPD

CENTENNIAL CENTER BLVD. // 19,207 CPD

W. TROPICAL PKWY.

Pending Lease

OFFERING MEMORANDUM

FOR SALE

LOGIC COMMERCIAL REAL ESTATE | 3900 S. Hualapai Way, Suite 200, Las Vegas, Nevada 89147 | 702.888.3500The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof.

PROPERTY OVERVIEWLogic Commercial Real Estate is pleased to exclusively represent the owner and present the opportunity to purchase Centennial Gateway East. The asset consists of a +/- 93,906 SF, multi-tenant anchored shopping center located at 5720 – 5780 Centennial Center Boulevard, Las Vegas, NV 89149 in the Centennial retail power corridor.

Anchored by Total Wine & More, the subject property features a total of 12 tenants, most of which have multiple store locations both locally and nationally. This property features the largest Total Wine & More west of the Mississippi. The property was originally built in 2007, and there is a pending lease with Cafe’ Zupas to develop a pad west of Deseret Book Company. The strong tenant base, longer lease terms, and premier location in a growing regional area, provide a prospective purchaser a stabilized retail investment opportunity.

OFFERING DETAILSOFFERING PRICE: Best Offer

NOI: $1,912,483 @ 100% Occupancy

CAP RATE: Best Offer

PSF: Best Offer

BUILDING SIZE: 93,906 SF

ACREAGE: 8.88 Acres

OCCUPANCY: Currently 94%; 100% (including rent credit from seller)

YEAR BUILT: 2007; 2017 (Pad Building)

SIGNAGE: On-building facade, pylon sign, and 5 independent freeway signs

NUMBER OF TENANTS: 12

MAJOR TENANTS: Total Wine & MoreDeseret Book CompanyBank of AmericaBourbon Street Sports Bar

Mrs. PatioCalifornia ClosetsDownEast BasicsCafe’ Zupas

INVESTMENT HIGHLIGHTS � STABILIZED SHOPPING CENTER

� PREMIER LOCATION

� FUTURE DEVELOPMENT

� FAVORABLE DEMOGRAPHICS

� STRONG DEMAND

� EXCELLENT VISIBILITY

� SECURE ANCHOR TENANT

� FLEXIBLE FINANCING OPTIONS