for sale - loopnet€¦ · pet supplies • grooming • bakery available +/- 5,361 cc 215 15,288...
TRANSCRIPT
CHRIS RICHARDSON, [email protected]
JASON [email protected]
presented by:
BRENDAN [email protected]/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