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150 E Centennial Pky

27,299 SF 100% Leased Retail Building North Las Vegas, NV 89084 £7,337,700 (£269/SF) 6.72% Net Initial Yield

Executive Summary

150 Centennial affords a new buyer the opportunity to acquire a 100% leased retail property in the booming North 5th corridor.  The property has below market rents and below replacement cost. Average tenancy at the center is over 10 years. Privileged licenses include a Tavern and a Liquor Sales that essentially run with the property so long as there is a sufficient operator.  Majority of trade area tenants out-perform their store averages. Consistently strong retail corridor getting stronger as the days go on.  Seller finalizing cross access to the full movement interchange of N 5th and Centennial.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
27,299 SF
Building Class
B
Year Built
2005
Price
£7,337,700
Price Per SF
£269
Net Initial Yield
6.72%
NOI
£493,093
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.21
Land Acres
3.05 AC
Zoning
C-2 - General Commercial
Parking
159 Spaces (5.82 Spaces per 1,000 SF Leased)
Frontage
467 ft on Centennial Pky

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
124-22-812-002
Land Assessment
£383,888
Improvements Assessment
£730,928
Total Assessment
£1,114,816
  • Listing ID: 27697671

  • Date on Market: 07/02/2023

  • Last Updated:

  • Address: 150 E Centennial Pky, North Las Vegas, NV 89084

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