Retail Big Box | 100% Leased Investment Opportunity
+/- 119,748 SF Multi-Tenant Retail/Showroom Building | Henderson Submarket
Marketing description
Colliers is pleased to exclusively offer for sale 732-748 S. Racetrack Road, a multi-tenant retail / showroom building located in the Henderson submarket in Southern Nevada. This +/- 119,748 square foot property is 100% leased to four (4) tenants. The main “box” (+/- 109,748 square feet) is leased to MAC.BID, an online auction company. The building was previously occupied by K-Mart.
The building was constructed in 1992. Within the last 12 months it has been renovated with a brand-new roof and new HVAC units, along with other capital improvements . It is serviced by two (2) dock high loading doors and one (1) drive in loading door. It is situated on 8.62 acres with five (5) points of access along Racetrack Road and Boulder Hwy.
The property is located across Boulder Highway from Lowe’s Home Improvement and Albertson’s. There are over 3,000 rooftops within a half mile radius of the property, not including Lennar Homes’ new Black Mountain Ranch with 950 new single-family homes, less than one mile away. The building is also less than 2 miles from US-95 at the Wagon Wheel interchange.
Investment highlights
+/- 119,748 SF Multi-tenant retail / showroom building situated on 8.62 acres.
Serviced by two (2) dock high loading doors and one (1) drive in loading door.
Renovated within the last six months with a brand-new roof , new HVAC units, and interior improvements.
100% leased to four (4) tenants with MAC.BID, an online auction company, leasing the anchor space of +/- 109,759 SF.
Opportunity to own an asset with in-place base rent 30% below market rates, leaving significant upside.
The site has very low coverage (31%) making it attractive for future additional building, re-development, or expansion.
Over $1,000,000 of 2024 capital improvements including new TPO roof, HVAC replacement, and interior improvements.
Opportunity to take advantage of a resurgent Henderson retail submarket including +/- 950 Single family-unit Black Mountain Ranch, and +/- 12,250-unit master planned community Cadence both located within 3 miles of the property.
Located less than 2 miles from US-95 at the Wagon Wheel interchange.
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