1475 W Horizon Ridge Pky
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1475 W Horizon Ridge Pky
6,050 SF 100% Leased Retail Building Henderson, NV 89012 £1,898,224 (£314/SF) 6.50% Net Initial Yield
Investment Highlights
- Arroyo Plaza is 100% leased to a balanced mix of essential service providers.
- Prime location in Henderson, NV.
- All tenants are on NNN leases featuring rent escalations.
Executive Summary
INVESTMENT HIGHLIGHTS
• Diverse Tenant Mix with Essential Services: Arroyo Plaza is 100% leased to a balanced mix of essential service providers, including Black Mountain Dental, Glitz Nail Lounge, and Sabor a Mi - Mexican Restaurant. This tenant lineup attracts a broad customer base, ensuring consistent foot traffic and making the plaza a popular community destination.
• 100% Occupancy with Long-Term Stability: The property is fully occupied, providing a stable income stream. Tenants have long-term leases extending through 2028 and beyond, highlighting strong tenant retention and reliable cash flow.
• NNN Lease Structure with Built-In Rent Growth: All tenants are on triple net (NNN) leases, transferring operational expenses to tenants and reducing landlord responsibilities. Leases feature annual rent escalations of 2.25% to 4%, ensuring predictable revenue growth and enhancing long-term income potential.
• Prime Location in Henderson’s High-Growth Corridor: Located on W Horizon Ridge Parkway in Henderson, Arroyo Plaza benefits from high visibility and accessibility in a thriving area. Henderson’s growth as a top Las Vegas suburb supports strong tenant performance and steady customer flow.
• Ample Parking for Customer Convenience: Arroyo Plaza provides ample parking to accommodate peak traffic times, ensuring convenient access to each business. This layout supports high tenant satisfaction and encourages repeat customer visits.
• Class A Modern Building: Built in 2013, the property features quality construction and is meticulously maintained, reducing the need for capital expenditures and creating an attractive environment for tenants.
HENDERSON, NV
•Henderson as a Premier Las Vegas Suburb: Henderson is known for its family-friendly atmosphere, high quality of life, and proximity to both Las Vegas and the scenic beauty of the desert. It consistently ranks as one of the best places to live in Nevada, attracting residents with its well-regarded schools, parks, and safe communities. This strong residential base drives demand for retail, healthcare, and lifestyle services.
• $1.3 Billion Four Seasons Private Residences: Set to be completed in 2026, this luxury project in MacDonald Highlands will feature 24- and 25-story towers, developed by Azure Resorts & Hotels and Luxus Development. This upscale addition will attract affluent residents, boosting demand for high-end retail and services nearby.
• Affluent Community of MacDonald Highlands: Just minutes from Arroyo Place, MacDonald Highlands is an exclusive, high-end community known for its luxury homes, golf course, and scenic views.
• New Developments and Expanding Infrastructure: Henderson has experienced significant growth in new residential and commercial developments, bringing in high-networth individuals, boosting demand for nearby retail and service-based businesses.
• Diverse Tenant Mix with Essential Services: Arroyo Plaza is 100% leased to a balanced mix of essential service providers, including Black Mountain Dental, Glitz Nail Lounge, and Sabor a Mi - Mexican Restaurant. This tenant lineup attracts a broad customer base, ensuring consistent foot traffic and making the plaza a popular community destination.
• 100% Occupancy with Long-Term Stability: The property is fully occupied, providing a stable income stream. Tenants have long-term leases extending through 2028 and beyond, highlighting strong tenant retention and reliable cash flow.
• NNN Lease Structure with Built-In Rent Growth: All tenants are on triple net (NNN) leases, transferring operational expenses to tenants and reducing landlord responsibilities. Leases feature annual rent escalations of 2.25% to 4%, ensuring predictable revenue growth and enhancing long-term income potential.
• Prime Location in Henderson’s High-Growth Corridor: Located on W Horizon Ridge Parkway in Henderson, Arroyo Plaza benefits from high visibility and accessibility in a thriving area. Henderson’s growth as a top Las Vegas suburb supports strong tenant performance and steady customer flow.
• Ample Parking for Customer Convenience: Arroyo Plaza provides ample parking to accommodate peak traffic times, ensuring convenient access to each business. This layout supports high tenant satisfaction and encourages repeat customer visits.
• Class A Modern Building: Built in 2013, the property features quality construction and is meticulously maintained, reducing the need for capital expenditures and creating an attractive environment for tenants.
HENDERSON, NV
•Henderson as a Premier Las Vegas Suburb: Henderson is known for its family-friendly atmosphere, high quality of life, and proximity to both Las Vegas and the scenic beauty of the desert. It consistently ranks as one of the best places to live in Nevada, attracting residents with its well-regarded schools, parks, and safe communities. This strong residential base drives demand for retail, healthcare, and lifestyle services.
• $1.3 Billion Four Seasons Private Residences: Set to be completed in 2026, this luxury project in MacDonald Highlands will feature 24- and 25-story towers, developed by Azure Resorts & Hotels and Luxus Development. This upscale addition will attract affluent residents, boosting demand for high-end retail and services nearby.
• Affluent Community of MacDonald Highlands: Just minutes from Arroyo Place, MacDonald Highlands is an exclusive, high-end community known for its luxury homes, golf course, and scenic views.
• New Developments and Expanding Infrastructure: Henderson has experienced significant growth in new residential and commercial developments, bringing in high-networth individuals, boosting demand for nearby retail and service-based businesses.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,050 SF
Building Class
B
Year Built
2013
Price
£1,898,224
Price Per SF
£314
Net Initial Yield
6.50%
NOI
£123,414
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.87
Lot Size
0.16 AC
Zoning
CC - Neighborhood Shopping Centers
Frontage
126 ft on Horizon Ridge Pky
Amenities
- Restaurant
Walk Score ®
Very Walkable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 178-21-619-001 | Improvements Assessment | £232,247 |
| Land Assessment | £133,610 | Total Assessment | £365,856 |
PROPERTY TAXES
Parcel Number
178-21-619-001
Land Assessment
£133,610
Improvements Assessment
£232,247
Total Assessment
£365,856
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1475 W Horizon Ridge Pky
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