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Crossroads at Sunset 1445 W Sunset Rd

39,586 SF 100% Leased Retail Building Henderson, NV 89014 £12,347,850 (£312/SF) 6.82% Net Initial Yield

Investment Highlights

  • Crossroads at Sunset is an approximately 40,000 sq. ft. shopping center, which includes Golden Corral, Barbeques Galore, Hallmark, and more.
  • All tenants are responsible for paying their full pro-rata share of common area maintenance (CAM) expenses, property taxes, insurance and management.
  • The weighted-average lease term remaining for tenants is over seven (7) years.
  • Close to 80% of the Gross Leasable Area (GLA) at Crossroads at Sunset is leased to strong national and regional tenants.
  • Crossroads at Sunset boasts a 100% occupancy rate, with no current vacancies.
  • Most leases at Crossroads at Sunset include strong scheduled rent increases.

Executive Summary

Outstanding, National and Regional Credit Grocery Anchored Investment with Complementary Tenant Mix in the High Growth Market of Henderson, NV. Located at the Intersection of Sunset Rd. and Stephanie St. with over 67,000 VPD.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
39,586 SF
Building Class
B
Year Built/Renovated
1996/2022
Price
£12,347,850
Price Per SF
£312
Net Initial Yield
6.82%
NOI
£842,709
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Loading Docks
2 Exterior
Building FAR
0.43
Land Acres
2.12 AC
Zoning
CC
Parking
800 Spaces (20.21 Spaces per 1,000 SF Leased)
Frontage
797 ft on Stephanie St

Amenities

  • Bus Route
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalised Intersection

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1437
  • 17,490 SF
  • Retail
  • -
  • Jan 2025

JR Anchor Space. Former American Freight. Roll up door with dock. Excellent Store Front Signage.

Space Size Space Use Position Available
1437 17,490 SF Retail - Jan 2025

1437

Size
17,490 SF
Space Use
Retail
Position
-
Available
Jan 2025

1437

Size 17,490 SF
Space Use Retail
Position -
Available Jan 2025

JR Anchor Space. Former American Freight. Roll up door with dock. Excellent Store Front Signage.

Nearby Major Retailers

Mariana's Supermarkets
Planet Fitness
EoS Fitness
Golden Corral
Texas Roadhouse
Natural Grocers
Cafe Zupas
Five Guys
Urbane Cafe
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
178-04-716-013
Land Assessment
£1,436,515
Improvements Assessment
£2,449,255
Total Assessment
£3,885,770
  • Listing ID: 33366015

  • Date on Market: 01/10/2024

  • Last Updated:

  • Address: 1445 W Sunset Rd, Henderson, NV 89014

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