Crossroads Center
Retail | 6.01% CAP | 12,480 SqFt
Marketing description
Summit Realty, on behalf of the Owner, is pleased to offer for sale Crossroads Center , a RETAIL property conveniently located in Henderson, NV. Crossroads Center is strategically located on Horizon Drive which is less than 1 mile from College of Southern Nevada and more than 200 newly built homes. The center is currently 100% occupied with long term tenants to Mom's Kitchen, Karate Academy and Reform You and more. The subject property sits on 1.36 acres, was built in 1999, and consists of approximately 12,480 SF. The building construction is frame and there is ample parking with 3.04 spaces per 1,000 SF with 38 total parking spaces. Crossroads Center is located in a high traffic area, surrounded by many national retail brands including KFC, Pizza Hut, Starbucks and many others.
Investment highlights
Ample parking available with over 38 parking spaces for shoppers and employees.
Property is strategically located in the Henderson Area with direct frontage on Horizon Dr The opportunity is being offered for $3,500,000.00.
NNN leases with up to 5 years remaining and 4 % annual rent escalations, meaning no landlord responsibility and increasing returns.
The plaza is currently occupied by a tremendous mix of national and local tenants.
The existing occupancy is supported by a high quality well-diversified tenant roster.
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