Colliers Western Region
Desert Oaks Plaza Outparcel

Desert Oaks Plaza Outparcel

3930 West Craig Road

North Las Vegas, NV 89032

$4,200,000
Asking Price
$294,725
NOI
7.0%
Cap Rate
100%
Occupancy
2008
Year Built

Description

Colliers is pleased to exclusively offer for sale a two-tenant retail pad with drive-thru located within Desert Oaks Plaza, a ±53,324 SF neighborhood retail center located in North Las Vegas, NV. This freestanding retail pad is 100% leased to RISE Dispensary (OTCQX: GTBIF | CSE: GTII) and RejuveN8 Wellness Chiropractic Center.

The asset is well positioned within the dense and rapidly expanding Craig Road Corridor in North Las Vegas, Nevada, with over 250 feet of frontage along W. Craig Rd. (±44,500 VPD) just east of N Decatur Blvd. (±25,600 VPD). The asset benefits from nearby co-tenancy including national retailers such as Walmart, Home Depot, Smith’s, ALDI, Chick-fil-A, Starbucks, andmore. Hylo Park, a large scale mixed-use redevelopment, is currently under construction 2-miles south of the property and is expected to bring over 925 permanent jobs and will include a 150-room hotel, 665 housing units and a 100K SF Vegas Golden Knights youth and recreational hockey facility.

Desert Oaks Plaza services a dense and underserved trade consisting of ±424,412 residents with an average household income of $99,607 within a 5-mile radius and benefits from proximity to Nellis Air Force Base (±12,000 military/ civilian personnel) and the Cannery Hotel & Casino (±800 employees) with a nearby daytime population exceeding ±369,276 residents.

Offering Summary
Property TypeRetail
Asking Price$4,200,000
Size0 SF
Available0 SF
Occupancy100%
Built2008
Parking2.63 per 1000 SF
Total Acres~0.60 ac
Sale Details
Walt8.05 Years
Cap Rate7.0%
NOI$294,725
In-Place Cap Rate7.0%
In-Place NOI$294,725
Documents
Property Address
Property Details
Property TypeRetail
Gross Leasable Area (SF)7,619 SF
Occupancy100%
Frontage (ft)250
Lease TypeNNN
Year Built2008
Year Renovated2008
Parking Ratio2.63 per 1000 SF
Total Parking20
Acres0.57 acres
ZoningGeneral Commercial (C-2)
APN139-06-615-004
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Deal Team

Adam Malan
Adam Malan
Vice Chair
NV RE Lic. 0063542
Deana Marcello
Deana Marcello
Executive Vice President
NV RE Lic. 174174