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1201 S BOULDER HWY Henderson NV 89015

[Locked]

Details
Property Type Retail
Building SqFt 4,891
Year Built 2005
Lease Type ******
Days on Market ******
Latitude 36.0167
Longitude -114.9586

Property History

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Property Type
Property Type
Retail
Marketing Description
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, corporate guaranteed, IHOP investment property located in Henderson, Nevada (Las Vegas MSA). The tenant, IHOP Realty Corp. has over 10-years remaining on the ground lease with 3 (5-year) options to extend. The lease features 10% rental increases in 2023 and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities.

The subject is ideally located at the signalized hard corner intersection of S. Boulder Highway and E. Horizon Drive with a combined 40,000 cars passing per day. Bank of America is an outparcel to Lowe's Home Improvement Center, which is the only major home improvement center within a 3-mile radius. In addition, Lowe's Home Improvement draws from a large trade area, increasing consumer traffic to the center. Other tenants within the center include Goodwill, Big 5, IHOP, PT's Pub and more, which promotes crossover shopping. The site also benefits from its close proximity to College of Southern Nevada and the Black Mountain Golf & Country Club. The site features strong demographics, with a 5-mile population over 120,000 residents and more than 36,000 employees. The affluent average household income exceeds $79,000 within 3-miles.


Investment Highlights
  • IHOP Corporate Lease | 10-Years Remaining with Increases
  • Absolute NNN | Ground Lease | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Large Pylon Signage
  • Outparcel to Lowe’s Home Improvement Anchored Center
  • Strong Demographics | Las Vegas MSA

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Zoning

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MC MixedMixed UseCorridor Mixed Use
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Last updated Apr 21, 2026 For deeper zoning details, reports are available at Zoneomics

Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
PL
Patrick R. Luther, CCIM PRO
•••.•••.1115
•••••••.••ther@•••••.com
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